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November 26, 2021updated 27 Apr 2022 12:07pm

Edvard Grieg Conventional Oil Field, Norway

By Carmen

Edvard Grieg is a producing conventional oil field located in shallow water in Norway and is operated by Lundin Energy Norway. The field is located in block 16/1P (PL 338), with water depth of 364 feet.

Field participation details

The field is owned by LetterOne Holdings, BASF, OMV and Lundin Energy.


Production from Edvard Grieg

The Edvard Grieg conventional oil field recovered 61.45% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 97.95 thousand bpd of crude oil and condensate, 48 Mmcfd of natural gas and 4.85 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 134.95 Mmboe, comprised of 116.84 Mmbbl of crude oil & condensate, 64.46 bcf of natural gas reserves and 7.36 Mmbbl of natural gas liquid reserves. Edvard Grieg conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.


About Lundin Energy Norway

Lundin Energy Norway AS is an exploration company, and has developed further into an experienced developer and operating operator. The company is headquartered in Oslo, 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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