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November 23, 2021

Bauge Conventional Oil Field, Norway

By Carmen

Bauge is a conventional oil development located in shallow water in Norway and is operated by Equinor Energy. Discovered in 2013, Bauge lies in block 6407/8P (PL 348) and 6407/8P (PL 348 B), with water depth of around 925 feet.

The project is currently in construction stage and is expected to start commercial production in 2021. Final investment decision (FID) of the project was approved in 2017. The development cost is expected to be $428 m. The Bauge conventional oil development will involve the drilling of approximately three wells and includes subsea tree.

Field participation details

The field is owned by Equinor, Neptune Energy Group, Eni, BASF, LetterOne Holdings and HitecVision.


Production from Bauge

Production from the Bauge conventional oil development project is expected to begin in 2021 and is forecast to peak in 2021, to approximately 20,250 bpd of crude oil and condensate, 28 Mmcfd of natural gas and 4,820 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2060.


Remaining recoverable reserves

The field is expected to recover 87.13 Mmboe, comprised of 59.81 Mmbbl of crude oil & condensate, 83.72 bcf of natural gas reserves and 13.37 Mmbbl of natural gas liquid reserves.


Contractors involved in the Bauge conventional oil field

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

EPC Contractors: Kvaerner

Other Contractors: Aker Solutions, H. Butting, Ocean Installer, SubseaDesign and Transocean

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About Equinor Energy

Equinor Energy AS (Equinor Energy) is a wholly-owned subsidiary of Equinor ASA. The company provides oil and gas exploration and production services. It extracts, refines, and transports natural gas, crude oil, and wind power for manufacturing of synthetic fabrics, plastics, asphalt, cosmetics, and medicines. Equinor Energy is headquartered in Stavanger, 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.

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