View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
April 28, 2022

Hades-Iris Conventional Gas Field, Norway

By Carmen

Hades-Iris is a conventional gas development located in deepwater in Norway and is operated by OMV (Norge). Discovered in 2018, Hades-Iris lies in block 6506/11P (PL 644 B), 6506/10P (PL 644 C), 6506/10P (PL 644), and 6506/11P (PL 644), with water depth of around 1,420 feet.

The project is currently in feed stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2022.

Field participation details

The field is owned by Equinor, OMV, DNO, Centrica and Stadtwerke Munchen.


Production from Hades-Iris

Production from the Hades-Iris conventional gas development project is expected to begin in 2025 and is forecast to peak in 2027, to approximately 9,919 bpd of crude oil and condensate and 240 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2058.


Remaining recoverable reserves

The field is expected to recover 157.52 Mmboe, comprised of 31.3 Mmbbl of crude oil & condensate and 757.3 bcf of natural gas reserves.


Contractors involved in the Hades-Iris conventional gas field

Some of the key contractors involved in the Hades-Iris project as follows.

Design/FEED Engineering: TechnipFMC

Other Contractors: Odfjell Drilling

About OMV (Norge)

OMV Norge AS provides marine exploration services. The company is headquartered in Stavanger, Rogaland, 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU