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December 7, 2021

Valhall Flank West Conventional Oil Field, Norway

By Carmen

Valhall Flank West is a producing conventional oil field located in shallow water in Norway and is operated by Aker BP. The field is located in block 2/11P (PL 033 B) and 2/8P (PL 006 B), with water depth of 242 feet.

Field participation details

The field is owned by Aker BP and Pandion Energy.


Production from Valhall Flank West

The Valhall Flank West conventional oil field recovered 10.23% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 26.26 thousand bpd of crude oil and condensate, 23 Mmcfd of natural gas and 1.18 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2101. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 125.12 Mmboe, comprised of 111.98 Mmbbl of crude oil & condensate, 48.52 bcf of natural gas reserves and 5.05 Mmbbl of natural gas liquid reserves. Valhall Flank West conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.


About Aker BP

Aker BP ASA (Aker BP), formerly Det norske oljeselskap ASA, is an independent oil and gas exploration and production company. It mainly focuses on the Norwegian Continental Shelf (NCS). The company has a balanced portfolio of assets across the upstream value chain. Its operated producing assets include Alvheim, Ivar Aasen, Skarv, Ula and Valhall among others. Aker BP also has participating interest in other producing assets such as Atla, Enoch and Gina Krog. The company is also a partner in a major developing project, Johan Sverdrup and has interest in additional exploration licenses. It has offices in Harstad, Sandnessjoen, Stavanger and Trondheim. Aker BP is headquartered in Lysaker, 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.

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