Gullfaks Sør is a producing conventional oil field located in shallow water 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 34/10P (PL 050), 33/12P (PL 037 B), 33/12P (PL 152), 34/10P (PL 050 B), and 33/12P (PL 037 E), with water depth of 459 feet. Buy the profile here.
Field participation details
The field is owned by Equinor, OMV and Petoro.
Production from Gullfaks Sør
The Gullfaks Sør conventional oil field recovered 84.45% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 24.95 thousand bpd of crude oil and condensate, 571.00 Mmcfd of natural gas and 27.38 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 176.55 Mmboe, comprised of 33.10 Mmbbl of crude oil & condensate, 635.41 bcf of natural gas reserves and 37.55 Mmbbl of natural gas liquid reserves. Gullfaks Sør 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 Gullfaks Sør Conventional Oil Field, buy the profile here.
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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.
