Alvheim is a producing conventional oil field located in shallow water 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, the field is located in block 24/6P (PL 203), 24/6P (PL 088 BS), 25/4P (PL 036 C), and 25/4P (PL 203), with water depth of 407 feet. Buy the profile here.

Three expansion projects are associated with the Alvheim conventional oil field, namely the Kobra East & Gekko (KEG), the Kameleon Gas Cap Blow Down and the Kobra East & Gekko (KEG) Phase 2. The expansion projects are currently in the commissioning and feasibility stage.

Field participation details

The field is owned by Aker BP and ConocoPhillips.

Production from Alvheim

The Alvheim conventional oil field recovered 89.04% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 85.64 thousand bpd of crude oil and condensate and 43.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2030. The field currently accounts for approximately 1% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 43.98 Mmboe, comprised of 28.12 Mmbbl of crude oil & condensate and 95.11 bcf of natural gas reserves. Alvheim conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.

Contractors involved in the Alvheim conventional oil field

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

Main EPC: Subsea 7

Other Contractors: Aker Solutions, Corinth Pipeworks and Odfjell Drilling

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.

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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.