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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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An expansion project is associated with the Balder, namely the Balder X Project (Balder & Ringhorne Development). This project is currently in the construction stage, expected to start in 2024.

Field participation details

The field is owned by Eni, HitecVision and Kistos.

Production from Balder

The Balder conventional oil field recovered 74.20% 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.

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 HitecVision

EPC Contractors: Worley and Agility Group

Other Contractors: CGG, Apply, Ashtead Technology, EDS Group and C-Kore Systems

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.

This content was updated on 13 November 2023

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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.