Peik is a conventional gas development located in shallow water in Norway and is operated by Equinor Energy. Discovered in 1985, Peik lies in block 24/6P (PL 918 S), with water depth of around 401 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2025. The Peik conventional gas development will involve the drilling of approximately three wells and includes subsea tree.

Field participation details

The field is owned by Equinor and Grupa Lotos.


Production from Peik

Production from the Peik conventional gas development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 2,700 bpd of crude oil and condensate, 75 Mmcfd of natural gas and 1,782 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2058.


Remaining recoverable reserves

The field is expected to recover 40.72 Mmboe, comprised of 6.47 Mmbbl of crude oil & condensate, 179.83 bcf of natural gas reserves and 4.27 Mmbbl of natural gas liquid reserves.


Contractors involved in the Peik conventional gas field

The key contractors involved in the Peik project as follows.

Other Contractors: Petrolink

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.