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November 24, 2021

Oseberg Conventional Oil Field, Norway

By Carmen

Oseberg is a producing conventional oil field located in shallow water in Norway and is operated by Equinor Energy. 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.

An expansion project is associated with the Oseberg, namely Oseberg Gas Capacity Upgrade & Power from Shore Project (OGP). This project is currently in the feed stage, expected to start in 2022.

Field participation details

The field is owned by ConocoPhillips, TotalEnergies, Petoro and Equinor.


Production from Oseberg

The Oseberg conventional oil field recovered 86.32% 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 2036. The field currently accounts for approximately 4% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 462.37 Mmboe, comprised of 66.99 Mmbbl of crude oil & condensate, 2,138.74 bcf of natural gas reserves and 38.92 Mmbbl of natural gas liquid reserves. Oseberg conventional oil field reserves accounts 0.10% 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

Other Contractors: Aker Solutions, Baker Hughes, KCA Deutag Alpha and Schlumberger

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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.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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