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November 25, 2021updated 26 Nov 2021 5:24am

Vega Conventional Gas Field, Norway

By Carmen

Vega is a producing conventional gas field located in deepwater in Norway and is operated by Wintershall Dea Norge. The field is located in block 35/8P (PL 248), 35/11P (PL 090 C), 35/7P (PL 248 B), and 35/11P (PL 248), with water depth of 1,240 feet.

Field participation details

The field is owned by LetterOne Holdings, Stadtwerke Munchen, Idemitsu Kosan, Osaka Gas, Neptune Energy Group, Centrica, Sumitomo, Petoro and BASF.


Production from Vega

The Vega conventional gas field recovered 62.86% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 22.34 thousand bpd of crude oil and condensate, 161 Mmcfd of natural gas and 18.12 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2055. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 110.93 Mmboe, comprised of 10.44 Mmbbl of crude oil & condensate, 332.02 bcf of natural gas reserves and 45.15 Mmbbl of natural gas liquid reserves. Vega conventional gas field reserves accounts 0.04% of total remaining reserves of producing conventional gas fields globally.


About Wintershall Dea Norge

Wintershall Dea Norge AS (Wintershall Norge), a subsidiary of Wintershall Holding GmbH is an oil and gas company that offers exploration, extraction, development and production of crude oil and natural gas. The company offers services such as drilling, wells operations, commercial technology, procurement, exploration, production operations, field development, and business development programs. Its oil and gas exploration projects comprise Maria, Aasta Hansteen, Skarfjell, Asterix, Syrah, Polarled, Murchison, Ivar Aasen, and others. Wintershall Norge also provides operation of subsea field projects. The company operates through its licenses on the Norwegian Continental Shelf. It has its operations in Stavanger, Kassel and Bergen, Norway. Wintershall Norge 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.

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