Irpa is a conventional gas 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, Irpa was discovered in 2009, lies in block 6705/10P (PL 327 B) and 6705/11 (PL 327 B), with water depth of around 4,379 feet. Buy the profile here.
The project is currently in construction stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $1,450 m. The Irpa conventional gas development will involve the drilling of approximately three wells.
Field participation details
The field is owned by BASF, Equinor, LetterOne Holdings, Petoro and Shell.
Production from Irpa
Production from the Irpa conventional gas development project is expected to begin in 2026 and is forecast to peak in 2027, to approximately 568 bpd of crude oil and condensate and 189 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2049.
Remaining recoverable reserves
The field is expected to recover 123.18 Mmboe, comprised of 1.60 Mmbbl of crude oil & condensate and 729.51 bcf of natural gas reserves.
Contractors involved in the Irpa conventional gas field
Some of the key contractors involved in the Irpa project as follows.
Design/FEED Engineering: Aibel
Main EPC: Aibel
EPC Contractors: DeepOcean Group Holding and Subsea 7
Other Contractors: Eni, Transocean, Aibel and TechnipFMC
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 Irpa Conventional Gas Field, buy the profile here.