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November 23, 2021

Draugen Conventional Oil Field, Norway

By Carmen

Draugen is a producing conventional oil field located in shallow water in Norway and is operated by Okea. The field is located in block 6407/9P (PL 093) and 6407/12P (PL 176), with water depth of 971 feet.

An expansion project is associated with the Draugen, namely Draugen EOR. This project is currently in the feasibility stage.

Field participation details

The field is owned by Neptune Energy Group, Petoro and Okea.


Production from Draugen

The Draugen conventional oil field recovered 92.77% of its total recoverable reserves, with peak production in 2001. The peak production was approximately 204.23 thousand bpd of crude oil and condensate, 26 Mmcfd of natural gas and 12.63 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2033.


Remaining recoverable reserves

The field is expected to recover 73.21 Mmboe, comprised of 73.14 Mmbbl of crude oil & condensate and 0.39 bcf of natural gas reserves. Draugen conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Draugen conventional oil field

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

Main EPC: Aker Solutions, Schlumberger and Subsea 7

Other Contractors: CCB Subsea, China National Offshore Oil and Odfjell Drilling

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About Okea

OKEA AS (Okea) an explorer and developer of oil and gas. The company provides services such as oil and gas exploration, production, and development of oil and gas producing properties across Norway. It also develops discovered oil fields on the Norwegian continental shelf through applying affordable, modern and practical solutions, among others. Okea has partnered with Seacrest Capital Group to develop a portfolio of oil production assets. The company entered into an agreement to acquire 60 percentage shares in Yme field from Repsol. Okea is headquartered in Trondheim, 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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