Balder is a producing conventional oil field located in shallow water in Norway and is operated by Var Energi. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 25/11P (PL 001), 25/8P (PL 027), 25/8P (PL 027 C), 25/8P (PL 169), and 25/10P (PL 028), with water depth of 426 feet. Buy the profile here.
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Four expansion projects are associated with the Balder conventional oil field, namely the Balder X Project (Balder & Ringhorne Development), the Balder Phase VI, the Balder Future Phases and the King. The expansion projects are currently in the commissioning and feasibility stage, targeting start-up during 2025 – 2029.
Field participation details
The field is owned by Eni, HitecVision and Kistos.
Production from Balder
The Balder conventional oil field recovered 70.41% of its total recoverable reserves, with peak production in 2005. Based on economic assumptions, production will continue until the field reaches its economic limit in 2035. The field currently accounts for approximately 1% of the country’s daily output.
Contractors involved in the Balder conventional oil field
Some of the key contractors involved in the Balder project as follows.
Design/FEED Engineering: Aker Solutions
Main EPC: Baker Hughes and Havfram
EPC Contractors: Worley and Agility Group
Other Contractors: Apply, Ashtead Technology, EDS Group, C-Kore Systems and ChampionX
About Var Energi
Var Energi ASA (Var Energi) is an oil and gas exploration and production company. It carries out the production and supply of crude oil and natural gas liquids (NGL). The company operates oil and gas fields, including Goliat, Marulk, Ringhorne, Jotun and Balder in the Norwegian Continental Shelf (NCS). Var Energi works in cooperation with Eni Trading & Shipping BV and Gassco AS to provide trading and transportation solutions for crude oil and NGL. The company operates in Hammerfest and Oslo, Norway. Var Energi is headquartered in Sandnes, Stavanger, Norway.
For more details on the Balder Conventional Oil Field, buy the profile here.
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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.
