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November 24, 2021updated 27 Apr 2022 1:00pm

Oseberg Sør Conventional Oil Field, Norway

By Carmen

Oseberg Sør is a producing conventional oil field located in shallow water in Norway and is operated by Equinor Energy. The field is located in block 30/9P (PL 079), 30/9P (PL 104), 30/12P (PL 171 B), and 30/9P (PL 104 B), with water depth of 446 feet.

Field participation details

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


Production from Oseberg Sør

The Oseberg Sør conventional oil field recovered 79.94% of its total recoverable reserves, with peak production in 2003. The peak production was approximately 87.14 thousand bpd of crude oil and condensate and 87 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 114.81 Mmboe, comprised of 31.82 Mmbbl of crude oil & condensate and 497.96 bcf of natural gas reserves. Oseberg Sør conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.


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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