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December 8, 2021

Oseberg Øst Conventional Oil Field, Norway

By Carmen

Oseberg Øst 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), with water depth of 587 feet.

An expansion project is associated with the Oseberg Øst, namely Oseberg Øst Development. This project is currently in the feasibility stage.

Field participation details

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


Production from Oseberg Øst

The Oseberg Øst conventional oil field recovered 90.17% of its total recoverable reserves, with peak production in 2001. The peak production was approximately 65.66 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032.


Remaining recoverable reserves

The field is expected to recover 15.71 Mmboe, comprised of 15.37 Mmbbl of crude oil & condensate and 2.02 bcf of natural gas reserves.


Contractors involved in the Oseberg Øst conventional oil field

Some of the key contractors involved in the Oseberg Øst project as follows.

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

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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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