Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
December 8, 2021

Tor Redevelopment Conventional Oil Field, Norway

By Carmen

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 ConocoPhillips, TotalEnergies, HitecVision, Petoro, Eni and Equinor.


Production from Tor Redevelopment

The Tor Redevelopment conventional oil field recovered 0.15% of its total recoverable reserves, with peak production expected in 2022. The peak production will 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 2053.


Remaining recoverable reserves

The field is expected to recover 82.94 Mmboe, comprised of 75.02 Mmbbl of crude oil & condensate, 33.15 bcf of natural gas reserves and 2.39 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.

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.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU