Volund is a producing conventional oil field located in shallow water in Norway and is operated by Aker BP. The field is located in block 24/9P (PL 150), with water depth of 407 feet.
Field participation details
The field is owned by Aker BP and Lundin Energy.
Production from Volund
The Volund conventional oil field recovered 96.08% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 34.37 thousand bpd of crude oil and condensate and 18 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028.
Remaining recoverable reserves
The field is expected to recover 3.31 Mmboe, comprised of 2.43 Mmbbl of crude oil & condensate and 5.32 bcf of natural gas reserves.
About Aker BP
Aker BP ASA (Aker BP) 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. Aker BP operates producing assets include Alvheim, Ivar Aasen, Skarv, Ula and Valhall among others. It 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.
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.