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November 22, 2021

Garantiana Conventional Oil Field, Norway

By Carmen

Garantiana is a conventional oil development located in deepwater in Norway and is operated by Equinor Energy. Discovered in 2012, Garantiana lies in block 34/6P (PL 554), with water depth of around 1,264 feet.

The project is currently in feed stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2022. The Garantiana conventional oil development will involve the drilling of approximately six wells and includes subsea tree.

Field participation details

The field is owned by HitecVision, Eni, Equinor and Aker BP.


Production from Garantiana

Production from the Garantiana conventional oil development project is expected to begin in 2026 and is forecast to peak in 2027, to approximately 21,000 bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2063.


Remaining recoverable reserves

The field is expected to recover 67.27 Mmboe, comprised of 64.91 Mmbbl of crude oil & condensate and 14.2 bcf of natural gas reserves.


Contractors involved in the Garantiana conventional oil field

The key contractors involved in the Garantiana project as follows.

Other Contractors: John Wood Group

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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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