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.

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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. The development cost is expected to be $667 m. The Fenris conventional gas development will involve the drilling of approximately four wells.

Field participation details

The field is owned by Aker BP and Orlen.

Production from Fenris

Production from the Fenris conventional gas development project is expected to begin in 2027 and is forecast to peak in 2029, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2070.

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 and Global Energy (Holdings)

Other Contractors: Aker Solutions, ProSep, MAN Energy Solutions, ABL Group and Liberty Steel Hartlepool

About Aker BP

Aker BP ASA (Aker BP) carries out the exploration, field development, and production of oil and gas. The company's operating field includes Alvheim, Ivar Aasen, Skarv, Edvard Grieg, Ula, and Valhall. It also holds a partnership in the Johan Sverdrup field. Aker BP serves the production of energy and raw materials for various products. The company's products and services are utilized across various industries that require energy and raw materials. It works in alliances with strategic partners. Aker BP is headquartered in Fornebu, Oslo, Norway.

For more details on the Fenris Conventional Gas Field, buy the profile here.

This content was updated on 14 May 2024

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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.