View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 23, 2021updated 27 Apr 2022 12:40pm

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.

Field participation details

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


Production from Draugen

The Draugen conventional oil field recovered 93.36% 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 67.21 Mmboe, comprised of 67.21 Mmbbl of crude oil & condensate. Draugen conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


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. Its assest production ownsership interest comprise of Draugen, Gjoa, Ivar Aasen, and Yme. The company has a 44.56 per cent ownership interest in the Draugen field. It has its operation across Norway. 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology