Asset Report
Fenris Area
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Fenris Area (previously King Lear) includes the Fenris and Julius high pressure/high temperature (HP/HT) gas condensate fields. The fields are located in the Central North Sea, approximately 20 kilometres north of Ekofisk. The fields are being developed through a joint development solution with Valhall.
Table of contents
- Summary
-
Key Issues
- Development costs are creeping up but project remains on track
- Reservoir conditions are challenging
- Further infill drilling acts as upside
- Power from shore will limit field level emissions
- Historical corporate activity and licensing
- Future exploration
- Historical exploration
- Emissions
- Facilities
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Drilling
- Capital costs
- Decommissioning costs
- Operating Costs
- Opex share
- Transportation and processing costs
- Opex share
- Emission taxes
- Cash flow
- Condensate price
- Fiscal terms
- Global Economic Model (GEM) file
-
Cash Flow
- Cash flow (US$ million)
- Cash flow (NKr million)
Tables and charts
This report includes the following images and tables:
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Index MapFenris Area MapParticipation
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Field Hydrocarbon CharacteristicsKey E&A wellsReserves (2P) at 01/01/2026Production (2027-2036)Production ProfileCapital Costs 2022 to 2028 (NKr million)Capital Costs 2051 to 2052 (NKr million)Operating Costs 2027 to 2036 (NKr million)Cash Flow (US$)
- 9 more item(s)...
What's included
This report contains:
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