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November 25, 2021updated 26 Nov 2021 5:38am

Solveig Conventional Oil Field, Norway

By Carmen

Solveig is a producing conventional oil field located in shallow water in Norway and is operated by Lundin Norway. The field is located in block 16/4P (PL 359), with water depth of 330 feet.

Field participation details

The field is owned by BASF, OMV, LetterOne Holdings and Lundin Energy.


Production from Solveig

The Solveig conventional oil field with peak production expected in 2022. The peak production will approximately 24.57 thousand bpd of crude oil and condensate and 28 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049.


Remaining recoverable reserves

The field is expected to recover 65.26 Mmboe, comprised of 55.78 Mmbbl of crude oil & condensate and 56.87 bcf of natural gas reserves. Solveig conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Lundin Norway

Lundin Norway AS is the subsidiary of Lundin Petroleum AB.

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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