Asset Report
Balder & Ringhorne
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Balder and Ringhorne oil fields are in the southern part of the Viking Graben, between the Heimdal field to the north and the Sleipner fields to the south. The Balder field is comprised of several oil-bearing mound structures. The Ringhorne area includes the 25/8-10S Ringhorne, 25/8-11 Ringhorne and Forseti fields. Balder has been developed using a floating production, storage and offloading (FPSO) vessel. A fixed platform with pre-processing, drilling and accommodation facilities was ...
Table of contents
- Summary
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Key Issues
- Balder Phase V, VI and future upside
- King discovery plans move forward
- Balder FPU to be removed by 2028
- Development of near-field discoveries are being evaluated
- Future exploration upside
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Unitisation
- Historical licensing and corporate activity
- Future activity
- Historical exploration drilling (1967-2010)
- Emissions
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Electrification
- Initial development (1995-2003)
- Ringhorne Jurassic project (2003)
- Ringhorne development drilling (2005-2016)
- Ringhorne Phase III (2017-2022)
- The Balder X Project (2019-present)
- Balder Phase V (2024)
- Balder Phase VI (2025)
- Balder Next
- 3 more item(s)...
- Capital Costs
- Main Balder & Ringhorne field and Ringhorne III
- Balder X (Balder Future Project and Ringhorne IV)
- Balder V
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Balder VI
- Decommissioning
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Operating costs
- Transportation costs
- Emissions taxes
- Tariff receipts
- 7 more item(s)...
Tables and charts
This report includes the following images and tables:
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ParticipationCapital Costs Pre-2016 to 2024 (NKr million)Capital Costs Pre-2016 to 2024 (NKr million)
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Operating Costs 2025 to 2034 (NKr million)Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining PV Price SensitivitiesCash Flow (Local Currency)
- 13 more item(s)...
What's included
This report contains:
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