Munin 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, Munin was discovered in 1997, lies in block 30/11P (PL 035), with water depth of around 361 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 Equinor.
Production from Munin
Production from the Munin conventional oil development project is expected to begin in 2027 and is forecast to peak in 2029, to approximately 38,000 bpd of crude oil and condensate, 246 Mmcfd of natural gas and 5,923 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2054.
Remaining recoverable reserves
The field is expected to recover 223.14 Mmboe, comprised of 100.25 Mmbbl of crude oil & condensate, 648.51 bcf of natural gas reserves and 14.80 Mmbbl of natural gas liquid reserves.
Contractors involved in the Munin conventional oil field
Some of the key contractors involved in the Munin project as follows.
Design/FEED Engineering: Subsea 7, Hitachi and Aibel
Main EPC: Aker Solutions
Other Contractors: Aker Solutions, Allseas Group, NKT, ABL Group and Kairos Technology
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.
For more details on the Munin Conventional Oil Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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.
