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November 10, 2021

Wisting Conventional Oil Field, Norway

By Carmen

Wisting is a conventional oil development located in deepwater in Norway and is operated by Equinor Energy. Discovered in 2013, Wisting lies in block 7324/7P (PL 537) and 7324/8P (PL 537), with water depth of around 1,319 feet.

The project is currently in feed stage and is expected to start commercial production in 2028. Final investment decision (FID) of the project will be approved in 2022. The development cost is expected to be $4,321 m. The Wisting conventional oil development will involve the drilling of approximately 34 wells and includes FPSO, subsea manifold, and subsea trees.

Field participation details

The field is owned by Equinor, OMV, Petoro, Lundin Energy, Idemitsu Kosan, Sumitomo and Osaka Gas.

 

 

Production from Wisting

Production from the Wisting conventional oil development project is expected to begin in 2028 and is forecast to peak in 2031, to approximately 119,289 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2053.

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Remaining recoverable reserves

The field is expected to recover 437.36 Mmboe, comprised of 437.36 Mmbbl of crude oil & condensate.

 

 

Contractors involved in the Wisting conventional oil field

Some of the key contractors involved in the Wisting project as follows.

Design/FEED Engineering: Aker Solutions

Other Contractors: Aibel, IKM Gruppen, Island Drilling, KBR and Kongsberg Gruppen

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.

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