Edvard Grieg 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 16/1P (PL 338), with water depth of 364 feet. Buy the profile here.
An expansion project is associated with the Edvard Grieg, namely the Edvard Grieg Development. This project is currently in the approval stage, expected to start in 2025.
Field participation details
The field is owned by Aker BP, BASF, LetterOne Holdings and OMV.
Production from Edvard Grieg
The Edvard Grieg conventional oil field recovered 71.60% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 97.95 thousand bpd of crude oil and condensate, 48.00 Mmcfd of natural gas and 4.85 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 99.96 Mmboe, comprised of 85.97 Mmbbl of crude oil & condensate, 49.06 bcf of natural gas reserves and 5.81 Mmbbl of natural gas liquid reserves. Edvard Grieg conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Edvard Grieg conventional oil field
Some of the key contractors involved in the Edvard Grieg project as follows.
Design/FEED Engineering: Moreld Apply
Main EPC: TechnipFMC and Moreld Apply
Other Contractors: Shearwater GeoServices
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 Edvard Grieg Conventional Oil Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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.
