Garantiana is a conventional oil development 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, Garantiana was discovered in 2012, lies in block 34/6P (PL 554), with water depth of around 1,264 feet. Buy the profile here.

The project is currently in feed stage and is expected to start commercial production in 2027. The Garantiana conventional oil development will involve the drilling of approximately six wells and includes subsea tree.

Field participation details

The field is owned by Aker BP, Eni, Equinor and HitecVision.

Production from Garantiana

Production from the Garantiana conventional oil development project is expected to begin in 2027 and is forecast to peak in 2028, to approximately 21,000 bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2065.

Remaining recoverable reserves

The field is expected to recover 67.41 Mmboe, comprised of 65.04 Mmbbl of crude oil & condensate and 14.23 bcf of natural gas reserves.

Contractors involved in the Garantiana conventional oil field

The key contractors involved in the Garantiana project as follows.

Other Contractors: John Wood Group

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.

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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.