Balder oil field

From Global Energy Monitor
This article is part of the Global Oil and Gas Extraction Tracker, a Global Energy Monitor project.
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Balder Field is an operating oil and gas field in Norway.[1]

Location

The map below shows the exact location of the field in Norway.[1]

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Background

Balder was discovered in 1967 and its plan for development and operation (PDO) was approved in 1996. It began producing oil in October 1999. Production from the field peaked in 2005 at around 7 million standard cubic meters of oil. According to the Norwegian Petroleum Directorate (NPD), "the field is now in the tail phase."

The Ringhorne deposit, including Ringhorne Øst and Ringhorne Jura, is included in the Balder complex. The Ringhorne deposit is located about nine kilometers north of Balder. The most recent PDO specifically for Ringhorne was approved in 2007.[2]

Oil is transported from Balder by tankers. Gas is transported via the Statpipe system to Kårstø and from there on to continental Europe.[2]

The Balder Future project

In December 2019, a revised PDO for the Balder complex was submitted to the Swedish authorities including a plan to extend the lifetime of Balder.[2] According to Vår Energi, the field operator, the extension plan (called the "Balder Future project" and "Balder X Project"[3]) aims to extract an additional 136 million barrels of oil equivalent (mboe) by extending production until 2045. Vår Energi states the project includes the drilling of 13 new production wells at a cost of NOK 19.6 billion (2.2 billion USD) aiming to start-up in the summer of 2021.[4]

Project Details

  • Status: Operating[1]
  • Coordinates: 59.2258, 2.4131 (exact)[1]
  • Operator: Vår Energi AS[1]
  • Owner: Vår Energi AS (90%); Mime Petroleum AS (10%)[5]
  • Parent: Eni (62.9%)[6]; HitecVision (27.1%)[6]; Bluewater Energy (10%)[7]
  • Discovery year: 1967[1]
  • Production start year: 1991[1]
  • Basin:
  • Concession/Block:
  • Project/Complex:

Production and Reserves

Table 1: Production and Reserves - Balder Field

Category Fuel Description Reserve Classification Quantity Units Data Year Source
cumulative production condensate Not applicable 0 million bbl 2020 [8]
cumulative production gas Not applicable 1 787 million m³ 2020 [8]
cumulative production NGL Not applicable 0 million bbl 2020 [8]
cumulative production oil Not applicable 451 million bbl 2020 [8]
production condensate Not applicable 0 million bbl/y 2020 [8]
production gas Not applicable 3.9 million m³/y 2020 [8]
production NGL Not applicable 0 million bbl/y 2020 [8]
production oil Not applicable 6.7 million bbl/y 2020 [8]
reserves condensate original recoverable reserves 0 million bbl 2020 [9]
reserves condensate remaining reserves 0 million bbl 2020 [9]
reserves gas original recoverable reserves 3 080 million m³ 2020 [9]
reserves gas remaining reserves 1 120 million m³ 2020 [9]
reserves NGL original recoverable reserves 0 million bbl 2020 [9]
reserves NGL remaining reserves 0 million bbl 2020 [9]
reserves oil original recoverable reserves 670 million bbl 2020 [9]
reserves oil remaining reserves 220 million bbl 2020 [9]
million bbl = million barrels
million m³ = million cubic meters
million bbl/y = million barrels per year
million m³/y = million cubic meters per year
NGL = Natural gas liquids

Articles and Resources

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "Map Services - Field outlines". Norwegian Petroleum Directorate. Archived from the original on March 17, 2021. Retrieved March 8, 2021.
  2. 2.0 2.1 2.2 "Field: BALDER". Norwegianpetroleum.no. Retrieved 2021-02-04.
  3. "Balder X Project, Norway - Balder and Ringhorne fields redevelopment". Retrieved 2021-02-04.
  4. "All you need to know about the Balder Future project - Vår Energi". Vår Energi. Retrieved 2021-02-04.
  5. "Factpages: Table – Licensees". Norwegian Petroleum Directorate. Archived from the original on March 17, 2021. Retrieved March 8, 2021.
  6. 6.0 6.1 "Vår Energi - the next generation oil and gas operators on the NCS". Vår Energi. Archived from the original on August 31, 2021. Retrieved September 27, 2021.
  7. "About - MIME". www.mime-petroleum.com. Archived from the original on August 31, 2021. Retrieved September 27, 2021.
  8. 8.0 8.1 8.2 8.3 8.4 8.5 8.6 8.7 "Production - Saleable - Yearly - by field". Norwegian Petroleum Directorate. 2021. Archived from the original on March 7, 2021. Retrieved March 7, 2021.
  9. 9.0 9.1 9.2 9.3 9.4 9.5 9.6 9.7 "Table – Reserves". Norwegian Petroleum Directorate. 2021. Archived from the original on March 7, 2021. Retrieved March 7, 2021.