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April 28, 2022

Lille Frøy Conventional Oil Field, Norway

By Carmen

Lille Frøy is a conventional oil development located in shallow water in Norway and is operated by Aker BP. Discovered in 1976, Lille Frøy lies in block 25/2P (PL 026), with water depth of around 384 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project will be approved in 2022.

Field participation details

The field is owned by Grupa Lotos and Aker BP.


Production from Lille Frøy

Production from the Lille Frøy conventional oil development project is expected to begin in 2027 and is forecast to peak in 2028, to approximately 11,825 bpd of crude oil and condensate, 20 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 2057.


Remaining recoverable reserves

The field is expected to recover 37.26 Mmboe, comprised of 28.16 Mmbbl of crude oil & condensate, 47.84 bcf of natural gas reserves and 1.13 Mmbbl of natural gas liquid reserves.


About Aker BP

Aker BP ASA (Aker BP) 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. Aker BP operates producing assets include Alvheim, Ivar Aasen, Skarv, Ula and Valhall among others. It 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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