Bauge is a producing conventional oil field located in shallow water 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 6407/8P (PL 348) and 6407/8P (PL 348 B), with water depth of 925 feet. Buy the profile here.

Field participation details

The field is owned by BASF, Eni, Equinor, HitecVision, LetterOne Holdings and Neptune Energy Group.

Production from Bauge

The Bauge conventional oil field with peak production expected in 2024. The peak production will approximately 20.25 thousand bpd of crude oil and condensate, 28.00 Mmcfd of natural gas and 4.82 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2067.

Remaining recoverable reserves

The field is expected to recover 97.99 Mmboe, comprised of 67.14 Mmbbl of crude oil & condensate, 96.36 bcf of natural gas reserves and 14.78 Mmbbl of natural gas liquid reserves. Bauge conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil 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.

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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.