Vega is a producing conventional gas field located in deepwater in Norway and is operated by Wintershall Dea Norge. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 35/8P (PL 248), 35/11P (PL 090 C), 35/7P (PL 248 B), and 35/11P (PL 248), with water depth of 1,240 feet. Buy the profile here.

Field participation details

The field is owned by BASF, Idemitsu Kosan, Inpex, LetterOne Holdings, Neptune Energy Group, Petoro and Sval Energi.

Production from Vega

The Vega conventional gas field recovered 78.66% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 44.67 thousand bpd of crude oil and condensate, 322.00 Mmcfd of natural gas and 36.23 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2044. The field currently accounts for approximately 1% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 117.11 Mmboe, comprised of 4.53 Mmbbl of crude oil & condensate, 222.20 bcf of natural gas reserves and 75.55 Mmbbl of natural gas liquid reserves. Vega conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.

About Wintershall Dea Norge

Wintershall Dea Norge AS (Wintershall Norge), a subsidiary of Wintershall Holding GmbH is an oil and gas company that offers exploration, extraction, development and production of crude oil and natural gas. The company offers services such as drilling, wells operations, commercial technology, procurement, exploration, production operations, field development, and business development programs. Its oil and gas exploration projects comprise Maria, Aasta Hansteen, Skarfjell, Asterix, Syrah, Polarled, Murchison, Ivar Aasen and others. Wintershall Norge also provides operation of subsea field projects. The company operates through its licenses on the Norwegian Continental Shelf. It has its operations in Stavanger, Kassel and Bergen, Norway. Wintershall Norge is headquartered in Stavanger, Norway.

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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.