Frøy Redevelopment is a conventional oil 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, lies in block 25/2P (PL 364) and 25/5P (PL 364), with water depth of around 820 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 Polski Koncern Naftowy Orlen.
Production from Frøy Redevelopment
Production from the Frøy Redevelopment conventional oil development project is expected to begin in 2027 and is forecast to peak in 2028, to approximately 61,885 bpd of crude oil and condensate, 72 Mmcfd of natural gas and 4,032 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2067.
Remaining recoverable reserves
The field is expected to recover 328.39 Mmboe, comprised of 255.53 Mmbbl of crude oil & condensate, 313.23 bcf of natural gas reserves and 20.66 Mmbbl of natural gas liquid reserves.
Contractors involved in the Frøy Redevelopment conventional oil field
Some of the key contractors involved in the Frøy Redevelopment project as follows.
Design/FEED Engineering: Aker Solutions
Main EPC: Aker Solutions
EPC Contractors: Apply
Other Contractors: Aker Solutions
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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