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November 23, 2021updated 27 Apr 2022 12:03pm

Alvheim Conventional Oil Field, Norway

By Carmen

Alvheim is a producing conventional oil field located in shallow water in Norway and is operated by Aker BP. The field is located in block 24/6P (PL 203), 24/6P (PL 088 BS), 25/4P (PL 036 C), and 25/4P (PL 203), with water depth of 407 feet.

Two expansion projects are associated with the Alvheim conventional oil field, namely Kobra East and Kameleon Infill Project. The expansion projects are currently in the construction stage, targeting start-up during 2022 – 2024.

Field participation details

The field is owned by Aker BP, Lundin Energy and ConocoPhillips.


Production from Alvheim

The Alvheim conventional oil field recovered 85.13% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 85.64 thousand bpd of crude oil and condensate and 43 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2030. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 59.28 Mmboe, comprised of 40.23 Mmbbl of crude oil & condensate and 114.27 bcf of natural gas reserves. Alvheim conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Alvheim conventional oil field

Some of the key contractors involved in the Alvheim project as follows.

Main EPC: Subsea 7

Other Contractors: Aker Solutions and Corinth Pipeworks

About Aker BP

Aker BP ASA (Aker BP) is an independent oil and gas exploration and production company. It mainly focuses on the Norwegian Continental Shelf (NCS). The company has a balanced portfolio of assets across the upstream value chain. Aker BP operates producing assets include Alvheim, Ivar Aasen, Skarv, Ula and Valhall among others. It also has participating interest in other producing assets such as Atla, Enoch and Gina Krog. The company is also a partner in a major developing project, Johan Sverdrup and has interest in additional exploration licenses. It has offices in Harstad, Sandnessjoen, Stavanger and Trondheim. Aker BP is headquartered in Lysaker, Norway.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

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