Alve NE is a conventional oil development located in deepwater in Norway and is operated by Aker BP. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Alve NE was discovered in 2020, lies in block 6607/12P (PL 127 C), with water depth of around 1,187 feet. Buy the profile here.
Field participation details
The field is owned by Aker BP, BASF, LetterOne Holdings and Polskie Gornictwo Naftowe i Gazownictwo.
Production from Alve NE
to approximately 2,400 bpd of crude oil and condensate and 14 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2038.
Remaining recoverable reserves
The field is expected to recover 13.04 Mmboe, comprised of 6.52 Mmbbl of crude oil & condensate and 39.12 bcf of natural gas reserves.
About Aker BP
Aker BP ASA (Aker BP) is an independent oil and gas exploration and production company. Its exploration, development and production activities 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 includes in 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 operations in Harstad, Sandnessjoen, Stavanger and Trondheim. Aker BP is headquartered in Lysaker, Norway.
For more details on the Alve NE Conventional Oil 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.
