Yggdrasil Oil and Gas Project (Norway)

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Yggdrasil Oil and Gas Project is an in-development oil and gas project in Norway.


The project consists of the following units:

Yggdrasil Oil and Gas Project is also sometimes referred to as NOAKA, Krafla/Askja.

Project Details

Main Data

Table 1: Project-level project details for Yggdrasil Oil and Gas Project

1Final Investment Decision
Unit name Status Operator Owner Discovery year FID1 year Production start year Production type
Yggdrasil in-development[1][2] Aker BP[3][4] Aker BP ASA [21%]; ORLEN Upstream Norway AS; Equinor ASA[4][4][4] – 2022[4] – conventional[4]

Production and Reserves

Table 2: Reserves of Yggdrasil Oil and Gas Project

million boe = million barrels of oil equivalent
Fuel description Reserves classification Quantity Units Data year Source
hydrocarbons reserves 650.0 million boe 2023 ​[5]
hydrocarbons reserves 700.0 million boe 2025 ​[6]

Table 3: Production from Yggdrasil Oil and Gas Project

million bbl/y = million barrels of oil per year
Category Fuel description Quantity Units Data year Source
production design capacity oil 29.2 million bbl/y 2027 ​[7][8]

Location

Table 4: Project-level location details for Yggdrasil Oil and Gas Project

Location Onshore/Offshore Coordinates (WGS 84)
offshore, Norway[4] offshore[4] 60.0, 2.4 (approximate)[4]

The map below shows the approximate location of the project:

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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. ↑ https://www.reuters.com/sustainability/climate-energy/norway-government-loses-appeal-case-over-oilfield-developments-2025-11-14/. {{cite web}}: Missing or empty |title= (help)
  2. ↑ https://www.upstreamonline.com/exploration/norwegian-operators-new-techniques-boost-exploration-hopes/2-1-1889704. {{cite web}}: Missing or empty |title= (help)
  3. ↑ https://www.reuters.com/business/energy/aker-bp-makes-significant-north-sea-oil-find-2025-08-21/. {{cite web}}: Missing or empty |title= (help)
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 https://web.archive.org/web/20230630063917/https://www.akerbp.com/en/project/noaka-2/. Archived from the original on 30 June 2023. {{cite web}}: Missing or empty |title= (help)
  5. ↑ (PDF) https://web.archive.org/web/20240125234633/https://www.greenpeace.org/static/planet4-sweden-stateless/2024/01/daf4fe59-oslo-tingretts-dom-og-kjennelse-18.01.2024-deepl-en.pdf. Archived from the original (PDF) on 25 January 2024. {{cite web}}: Missing or empty |title= (help)
  6. ↑ https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/082125-norways-aker-bp-finds-additional-oil-at-north-sea-yggdrasil-project. {{cite web}}: Missing or empty |title= (help)
  7. ↑ https://publications.opec.org/woo/FileDownload/129/woo/210. {{cite web}}: Missing or empty |title= (help)
  8. ↑ (PDF) https://www.opec.org/assets/assetdb/woo-2025.pdf. {{cite web}}: Missing or empty |title= (help)