Peon 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, Peon was discovered in 2005, lies in block 35/2P (PL 318), 35/1P (PL 269), and 6203/10P (PL 318 C), with water depth of around 1,260 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2026.
Field participation details
The field is owned by Equinor, Idemitsu Kosan, Inpex and Petoro.
Production from Peon
Production from the Peon conventional gas development project is expected to begin in 2026 and is forecast to peak in 2027, to approximately 283 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2066.
Remaining recoverable reserves
The field is expected to recover 123.74 Mmboe, comprised of 742.43 bcf of natural gas reserves.
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 Peon Conventional Gas 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.
