Balder Oil and Gas Field (Norway)

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Balder Oil and Gas Field is an operating oil and gas field in Norway.

Project Details

Main Data

Table 1: Field-level project details for Balder Oil and Gas Field

*Final Investment Decision
Unit name Status Operator Owner Discovery year FID* year Production start year
Balder Operating[1] Vår Energi AS[1] Vår Energi AS (90.0%); Mime Petroleum AS (10.0%)[2] 1967[1] 1991[1]

Production and Reserves

Table 2: Reserves of Balder Oil and Gas Field

million m³ = million cubic meters million bbl = million barrels of oil
Fuel Description Reserve Classification Quantity Units Data Year Source
Condensate original recoverable reserves 0 million bbl 2022 [3]
Condensate remaining reserves 0 million bbl 2022 [3]
Gas original recoverable reserves 2800 million m³ 2022 [3]
Gas remaining reserves 850 million m³ 2022 [3]
NGL original recoverable reserves 0 million bbl 2020 [3]
NGL remaining reserves 0 million bbl 2020 [3]
NGL original recoverable reserves 0 million bbl 2022 [3]
NGL remaining reserves 0 million bbl 2022 [3]
Oil original recoverable reserves 646.59 million bbl 2022 [3]
Oil remaining reserves 182.34 million bbl 2022 [3]
condensate original recoverable reserves 0 million bbl 2020 [3]
condensate remaining reserves 0 million bbl 2020 [3]
gas original recoverable reserves 3080 million m³ 2020 [3]
gas remaining reserves 1120 million m³ 2020 [3]
oil original recoverable reserves 670.43 million bbl 2020 [3]
oil remaining reserves 220.08 million bbl 2020 [3]

Table 3: Production from Balder Oil and Gas Field

million m³/y = million cubic meters per year million bbl/y = million barrels of oil per year million m³ = million cubic meters million bbl = million barrels of oil
Category Fuel Description Quantity Units Data Year Source
cumulative production condensate 0 million bbl 2020 [4]
cumulative production gas 1786.68 million m³ 2020 [4]
cumulative production NGL 0 million bbl 2020 [4]
cumulative production oil 451.0 million bbl 2020 [4]
cumulative production gas 1786.68 million m³ 2021 [4]
cumulative production gas 1786.68 million m³ 2022 [4]
cumulative production oil 458.37 million bbl 2021 [4]
cumulative production oil 464.6 million bbl 2022 [4]
cumulative production NGL 0 million bbl 2021 [4]
cumulative production NGL 0 million bbl 2022 [4]
cumulative production Condensate 0 million bbl 2021 [4]
cumulative production Condensate 0 million bbl 2022 [4]
production condensate 0 million bbl/y 2020 [4]
production gas 3.94 million m³/y 2020 [4]
production NGL 0 million bbl/y 2020 [4]
production oil 6.66 million bbl/y 2020 [4]
production gas 0 million m³/y 2021 [4]
production gas 0 million m³/y 2022 [4]
production oil 7.36 million bbl/y 2021 [4]
production oil 6.24 million bbl/y 2022 [4]
production NGL 0 million bbl/y 2021 [4]
production NGL 0 million bbl/y 2022 [4]
production Condensate 0 million bbl/y 2021 [4]
production Condensate 0 million bbl/y 2022 [4]

Location

Table 4: field-level location details for Balder Oil and Gas Field

Location Coordinates (WGS 84)
Offshore, Norway[1] 59.2258, 2.4131 (exact)[1]

The map below shows the exact location of the field:

Loading map...

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.[5]

Oil is transported from Balder by tankers. Gas is transported via the Statpipe system to Kårstø and from there on to continental Europe.[5]

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.[5] According to Vår Energi, the field operator, the extension plan (called the "Balder Future project" and "Balder X Project"[6]) 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.[7]

Articles and Resources

Additional data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 "Map Services - Field outlines". Norwegian Petroleum Directorate. Archived from the original on March 17, 2021. Retrieved March 8, 2021.
  2. "Factpages: Table – Licensees". Norwegian Petroleum Directorate. Archived from the original on March 17, 2021. Retrieved March 8, 2021.
  3. 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 Norwegian Petroleum Directorate (2023). "Table – Reserves". Norwegian Petroleum Directorate. Archived from the original on May 18th, 2023. Retrieved May 15, 2023. {{cite web}}: Check date values in: |archive-date= (help)
  4. 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 4.20 4.21 4.22 4.23 "Production - Saleable - Yearly - by field". Norwegian Petroleum Directorate. 2021. Archived from the original on March 7, 2021. Retrieved March 7, 2021.
  5. 5.0 5.1 5.2 "Field: BALDER". Norwegianpetroleum.no. Retrieved 2021-02-04.
  6. "Balder X Project, Norway - Balder and Ringhorne fields redevelopment". Retrieved 2021-02-04.
  7. "All you need to know about the Balder Future project - Vår Energi". Vår Energi. Retrieved 2021-02-04.