View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 12, 2021updated 27 Apr 2022 12:28pm

Njord Conventional Oil Field, Norway

By Carmen

Njord is a producing conventional oil field located in deepwater in Norway and is operated by Equinor Energy. The field is located in block 6407/7P (PL 107) and 6407/10P (PL 132), with water depth of 1,109 feet.

An expansion project is associated with the Njord, namely Njord Future Project. This project is currently in the construction stage, expected to start in 2022.

Field participation details

The field is owned by LetterOne Holdings, BASF, Equinor and Neptune Energy Group.


Production from Njord

The Njord conventional oil field recovered 62.97% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 18.1 thousand bpd of crude oil and condensate, 257 Mmcfd of natural gas and 24.44 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2034.


Remaining recoverable reserves

The field is expected to recover 150.38 Mmboe, comprised of 29.82 Mmbbl of crude oil & condensate, 423.9 bcf of natural gas reserves and 49.91 Mmbbl of natural gas liquid reserves. Njord conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Njord conventional oil field

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

Main EPC: Aibel

Other Contractors: AF Gruppen, Aker Solutions, Brevik Engineering, DOF and Eni

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.

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

Thank you for subscribing to Offshore Technology