Alve is a producing conventional gas field located in deepwater in Norway and is operated by Equinor Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 6507/3P (PL 159 B), with water depth of 1,220 feet. Buy the profile here.
Field participation details
The field is owned by DNO, Equinor and Polskie Gornictwo Naftowe i Gazownictwo.
Production from Alve
The Alve conventional gas field recovered 57.28% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 4.46 thousand bpd of crude oil and condensate, 87.00 Mmcfd of natural gas and 5.38 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068.
Remaining recoverable reserves
The field is expected to recover 58.84 Mmboe, comprised of 9.43 Mmbbl of crude oil & condensate, 232.52 bcf of natural gas reserves and 10.66 Mmbbl of natural gas liquid reserves. Alve conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas 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.
For more details on the Alve Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
