Fram is a producing conventional oil field located in deepwater 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 35/11P (PL 090) and 31/2P (PL 090 E), with water depth of 1,184 feet. Buy the profile here.
An expansion project is associated with the Fram, namely the Fram South. This project is currently in the feasibility stage.
Field participation details
The field is owned by Eni, Equinor, HitecVision, Idemitsu Kosan, Inpex and Neptune Energy Group.
Production from Fram
The Fram conventional oil field recovered 63.18% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 116.43 thousand bpd of crude oil and condensate, 82.00 Mmcfd of natural gas and 2.34 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 385.44 Mmboe, comprised of 129.96 Mmbbl of crude oil & condensate, 1,454.99 bcf of natural gas reserves and 12.99 Mmbbl of natural gas liquid reserves. Fram conventional oil field reserves accounts 0.04% 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.
For more details on the Fram Conventional Oil Field, buy the profile here.