Yme Redevelopment is a producing conventional oil field located in shallow water in Norway and is operated by Repsol Norge. The field is located in block 9/2P (PL 316), 9/5P (PL 316), and 9/1P (PL 316 B), with water depth of 325 feet.
Field participation details
The field is owned by Repsol, Kuwait Petroleum, Grupa Lotos and Okea.
Production from Yme Redevelopment
The Yme Redevelopment conventional oil field recovered 0.20% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 38.33 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046.
Remaining recoverable reserves
The field is expected to recover 90.13 Mmboe, comprised of 90.13 Mmbbl of crude oil & condensate. Yme Redevelopment conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
About Repsol Norge
Repsol Norge AS, is an energy and oil refinery company that carries out the exploration, development, production, processing and transportation of crude oil and natural gas. The company 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.