Name: Alve Area
Brand: Wood Mackenzie
SKU: 17046
Price: 3720 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 16 October 2025

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Report summary

The Alve Area includes the Alve and Andvare (previously called Gjøk) fields on the Halten Terrace, 16 kilometres southwest of the Norne field in the Norwegian Sea. Alve was brought onstream in 2009 and was developed via a four-slot subsea template tied back to the Norne floating production, storage and offloading (FPSO) vessel. Four development wells have been drilled on the field. The final investment decision (FID) on Andvare was taken in December 2022. The field is being developed ...

Summary
Key Issues
- Andvare start-up
- Potential for future infill drilling on Alve
- High emissions at Norne hub
- Potential reserve upside via the Black Vulture discovery
- We expect licence extension to be awarded to 2036
Unitisation
- Historical exploration
In place volumes and recovery rates
Emissions
Alve
- Development drilling
- Norne FPSO modifications
Andvare
Liquids
Gas
Capital costs - Alve
Capital Costs - Andvare
Decommissioning costs - Alve
9 more item(s)...