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November 23, 2021

Hanz Conventional Oil Field, Norway

By Carmen

Hanz is a conventional oil development located in shallow water in Norway and is operated by Aker BP. Discovered in 1997, Hanz lies in block 25/10P (PL 028 B), with water depth of around 382 feet.

The project is currently in approval stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project was approved in 2020. The Hanz conventional oil development will involve the drilling of approximately two wells and includes subsea tree.

Field participation details

The field is owned by Equinor, Aker BP, Centrica and Stadtwerke Munchen.


Production from Hanz

Production from the Hanz conventional oil development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 8,144 bpd of crude oil and condensate, 7 Mmcfd of natural gas and 473 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2054.


Remaining recoverable reserves

The field is expected to recover 15.88 Mmboe, comprised of 13.27 Mmbbl of crude oil & condensate, 10.03 bcf of natural gas reserves and 0.94 Mmbbl of natural gas liquid reserves.


Contractors involved in the Hanz conventional oil field

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

Other Contractors: A.P. Moller – Maersk, Acteon Group and Schlumberger

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About Aker BP

Aker BP ASA (Aker BP), formerly Det norske oljeselskap ASA, is an independent oil and gas exploration and production company. It mainly focuses on the Norwegian Continental Shelf (NCS). The company has a balanced portfolio of assets across the upstream value chain. Its operated producing assets include Alvheim, Ivar Aasen, Skarv, Ula and Valhall among others. Aker BP also has participating interest in other producing assets such as Atla, Enoch and Gina Krog. The company is also a partner in a major developing project, Johan Sverdrup and has interest in additional exploration licenses. It has offices in Harstad, Sandnessjoen, Stavanger and Trondheim. Aker BP is headquartered in Lysaker, 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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