Solveig is a producing conventional oil field 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, the field is located in block 16/4P (PL 359), with water depth of 330 feet. Buy the profile here.
An expansion project is associated with the Solveig, namely the Solveig Phase 2. This project is currently in the construction stage, expected to start in 2026.
Field participation details
The field is owned by Aker BP, BASF, LetterOne Holdings and OMV.
Production from Solveig
The Solveig conventional oil field recovered 6.14% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 19.66 thousand bpd of crude oil and condensate and 23.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050.
Remaining recoverable reserves
The field is expected to recover 49.90 Mmboe, comprised of 42.53 Mmbbl of crude oil & condensate and 44.22 bcf of natural gas reserves. Solveig conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Solveig conventional oil field
Some of the key contractors involved in the Solveig project as follows.
Design/FEED Engineering: Moreld Apply
Main EPC: TechnipFMC and Moreld Apply
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 Solveig 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.
