Fram is a producing conventional oil field located in deepwater in Norway and is operated by Equinor Energy. The field is located in block 35/11P (PL 090) and 31/2P (PL 090 E), with water depth of 1,184 feet.
Field participation details
The field is owned by Equinor, HitecVision, Inpex, Idemitsu Kosan, Eni and Neptune Energy Group.
Production from Fram
The Fram conventional oil field recovered 80.27% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 58.22 thousand bpd of crude oil and condensate, 41 Mmcfd of natural gas and 1.17 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2041. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 77.42 Mmboe, comprised of 25.77 Mmbbl of crude oil & condensate, 271.35 bcf of natural gas reserves and 6.42 Mmbbl of natural gas liquid reserves. Fram conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
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.
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.