Tor Redevelopment is a producing conventional oil field located in shallow water in Norway and is operated by ConocoPhillips Skandinavia. The field is located in block 2/4P (PL 018) and 2/5P (PL 006), with water depth of 223 feet.
Field participation details
The field is owned by Petoro, HitecVision, Eni, Equinor, ConocoPhillips and TotalEnergies.
Production from Tor Redevelopment
The Tor Redevelopment conventional oil field recovered 6.84% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 28.58 thousand bpd of crude oil and condensate, 13 Mmcfd of natural gas and 0.92 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2054.
Remaining recoverable reserves
The field is expected to recover 78.5 Mmboe, comprised of 71.02 Mmbbl of crude oil & condensate, 31.23 bcf of natural gas reserves and 2.27 Mmbbl of natural gas liquid reserves. Tor Redevelopment conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
About ConocoPhillips Skandinavia
ConocoPhillips Skandinavia AS is an operator of oil and gas production licenses.
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.