Ula 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 7/12P (PL 019) and 7/12P (PL 019 E), with water depth of 233 feet. Buy the profile here.
Field participation details
The field is owned by Aker BP and DNO.
Production from Ula
The Ula conventional oil field recovered 99.49% of its total recoverable reserves, with peak production in 1993. The peak production was approximately 126.51 thousand bpd of crude oil and condensate, 46.00 Mmcfd of natural gas and 8.90 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028.
Remaining recoverable reserves
The field is expected to recover 2.75 Mmboe, comprised of 2.19 Mmbbl of crude oil & condensate and 0.56 Mmbbl of natural gas liquid reserves.
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 Ula Conventional Oil Field, buy the profile here.