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November 23, 2021updated 27 Apr 2022 12:26pm

Gullfaks Sør Conventional Oil Field, Norway

By Carmen

Gullfaks Sør is a producing conventional oil field located in shallow water in Norway and is operated by Equinor Energy. The field is located in block 34/10P (PL 050), 33/12P (PL 037 B), 33/12P (PL 152), 34/10P (PL 050 B), and 33/12P (PL 037 E), with water depth of 459 feet.

Field participation details

The field is owned by Equinor, Petoro and OMV.


Production from Gullfaks Sør

The Gullfaks Sør conventional oil field recovered 81.28% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 24.95 thousand bpd of crude oil and condensate, 571 Mmcfd of natural gas and 27.38 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 3% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 210.19 Mmboe, comprised of 39.53 Mmbbl of crude oil & condensate, 763.21 bcf of natural gas reserves and 43.46 Mmbbl of natural gas liquid reserves. Gullfaks Sør conventional oil field reserves accounts 0.05% 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.

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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