Visund is a producing conventional oil field located in deepwater in Norway and is operated by Equinor Energy . The field is located in block 34/8P (PL 120), with water depth of 1,328 feet.

Field participation details

The field is owned by Equinor , Petoro , Repsol and ConocoPhillips.

Production from Visund

The Visund conventional oil field recovered 66.00% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 17.55 thousand bpd of crude oil and condensate, 532 Mmcfd of natural gas and 10.11 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043. The field currently accounts for approximately 3% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 237.79 Mmboe, comprised of 31.68 Mmbbl of crude oil & condensate, 1,040.41 bcf of natural gas reserves and 32.7 Mmbbl of natural gas liquid reserves. Visund conventional oil field reserves accounts 0.05% 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.