Asset Report
Alvheim
Report summary
The Alvheim development includes several oil and gas fields that are located to the west of the Heimdal field in the Norwegian North Sea, near the Norwegian-UK border. Production started in 2008 from three fields that were tied into the Alvheim floating production, storage and offloading (FPSO) vessel. Development of the Alvheim field has been continuous since production started. The KEG project was the most recent with production starting in October 2023. The Alvheim FPSO acts as a hub for the nearby Vilje, Volund, Boyla and Skogul fields. Oil is exported by shuttle tankers and gas is exported the Scottish Area Gas Evacuation pipeline system to the UK.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Unitisation
- Historical licensing activity
- Corporate activity
- Geology
-
Exploration
- Future activity
- Recent historical activity
-
Reserves and resources
- In place volumes
- Reserves
- Production
-
Development
- Development summary
- Future development
- Initial delays and FPSO conversion
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Historical development activity
- L4, Kneler, Boa Kam North
- Viper/Kobra
- Infrastructure
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Costs
-
Operating costs
- Field costs
- Transportation costs
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Operating costs
- Sales contracts
- Fiscal and regulatory
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Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Carbon price
- Exchange rate
- Fiscal terms
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 29 images and tables including:
- Key facts: Table 1
- Index map
- Alvheim map
- Geology: Table 1
- Production: Table 1
- Production: Table 2
- Alvheim Area production profile
- Infrastructure: Table 1
- Capital costs
- Costs: Table 2
- Decommissioning costs
- Participation: Table 1
- Exploration: Table 1
- Reserves and resources: Table 1
- Development: Table 1
- Development: Table 2
- Cash flow (US$ million)
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining Present Value Price Sensitivities
- Cash Flow (NKr million)
- Economic analysis: Table 5
- Economic analysis: Table 6
- Costs: Table 4
- Tariff Receipts
What's included
This report contains:
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