Asset Report
Alvheim
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
- Summary
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Key Issues
- Future infill drilling
- Exploration potential in the area offers other tie-back opportunities
- Unitisation
- Historical licensing activity
- Corporate activity
- Future activity
- Recent historical activity
- In place volumes
- Reserves
- Development summary
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Recent and future development
- Infill drilling
- FPSO lifetime extension project
- Gas blowdown phases
- Initial delays and FPSO conversion
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Historical development activity
- L4, Kneler, Boa Kam North
- Viper/Kobra
- Capital costs
- Decommissioning costs
- 8 more item(s)...
Tables and charts
This report includes the following images and tables:
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Discovery summaryReserves (2P) at 01/01/2026Production (2016-2025)
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Alvheim Area production profileCapital Costs Pre-2017 to 2025 (NKr million)Capital Costs 2040 to 2045 (NKr million)Operating Costs 2026 to 2035 (NKr million)Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - Undiscounted
- 12 more item(s)...
What's included
This report contains:
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