Fenris is a conventional gas development 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, Fenris was discovered in 2012, lies in block 2/4P (PL 146), 2/4P (PL 333), and 2/4P (PL 146 B), with water depth of around 223 feet. Buy the profile here.

The project is currently in construction stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project was approved in 2022.

Field participation details

The field is owned by Aker BP and Polskie Gornictwo Naftowe i Gazownictwo.

Production from Fenris

Production from the Fenris conventional gas development project is expected to begin in 2027 and is forecast to peak in 2029, to approximately 14,046 bpd of crude oil and condensate and 109 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2077.

Remaining recoverable reserves

The field is expected to recover 112.68 Mmboe, comprised of 49.16 Mmbbl of crude oil & condensate and 381.11 bcf of natural gas reserves.

Contractors involved in the Fenris conventional gas field

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

Design/FEED Engineering: Aker Solutions, Subsea 7 and ABB

Main EPC: Aker Solutions

EPC Contractors: Worley

Other Contractors: Schlumberger, Aker Solutions, Subsea 7 and ABL Group

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.