Oseberg 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 30/6P (PL 053), 30/9P (PL 079), and 30/9P (PL 104), with water depth of 374 feet. Buy the profile here.
An expansion project is associated with the Oseberg, namely the Oseberg Gas Capacity Upgrade & Power from Shore Project (OGP). This project is currently in the construction stage, expected to start in 2026.
Field participation details
The field is owned by ConocoPhillips, Equinor, Petoro and TotalEnergies.
Production from Oseberg
The Oseberg conventional oil field recovered 89.07% of its total recoverable reserves, with peak production in 1994. The peak production was approximately 503.05 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 4% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 374.64 Mmboe, comprised of 57.82 Mmbbl of crude oil & condensate, 1,724.49 bcf of natural gas reserves and 29.40 Mmbbl of natural gas liquid reserves. Oseberg conventional oil field reserves accounts 0.08% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Oseberg conventional oil field
Some of the key contractors involved in the Oseberg project as follows.
Design/FEED Engineering: Aibel
Main EPC: Aibel
EPC Contractors: Skanska
Other Contractors: Halliburton, Baker Hughes, Aker Solutions, Heerema International Group Services and ABB
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 Oseberg Conventional Oil Field, buy the profile here.