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November 24, 2021

Gudrun Conventional Oil Field, Norway

By Carmen

Gudrun is a producing conventional oil field located in shallow water in Norway and is operated by Equinor Energy. The field is located in block 15/3P (PL 025), with water depth of 358 feet.

An expansion project is associated with the Gudrun, namely Gudrun Phase 2. This project is currently in the commissioning stage, expected to start in 2021.

Field participation details

The field is owned by Neptune Energy Group, Equinor, Repsol and OMV.


Production from Gudrun

The Gudrun conventional oil field recovered 64.42% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 54.69 thousand bpd of crude oil and condensate, 194 Mmcfd of natural gas and 8.31 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 99.78 Mmboe, comprised of 45.1 Mmbbl of crude oil & condensate, 253.7 bcf of natural gas reserves and 12.4 Mmbbl of natural gas liquid reserves. Gudrun conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Gudrun conventional oil field

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

Design/FEED Engineering: Aibel

EPC Contractors: Aibel

Other Contractors: CHC Helikopter Service, IKM Gruppen, Qinterra, Rowan Companies and Stinger Technology

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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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