Statfjord is a producing conventional oil field located in shallow water in Norway and is operated by Equinor Energy. The field is located in block 33/9P (PL 037) and 33/12P (PL 037), with water depth of 515 feet.

Field participation details

The field is owned by Centrica , Equinor, Eni , Stadtwerke Munchen and HitecVision.


Production from Statfjord

The Statfjord conventional oil field recovered 97.54% of its total recoverable reserves, with peak production in 1992. The peak production was approximately 636.99 thousand bpd of crude oil and condensate, 288 Mmcfd of natural gas and 26.37 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2030. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 110.02 Mmboe, comprised of 35.44 Mmbbl of crude oil & condensate, 269.51 bcf of natural gas reserves and 29.67 Mmbbl of natural gas liquid reserves. Statfjord 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.