Asset Report
Gina Krog Area
Report summary
Gina Krog is 27 kilometres northwest of the Sleipner Øst field in the Northern North Sea. The field, originally known as Dagny, was discovered in the 1970s but was considered sub-commercial at the time. The discovery of the Gina Krog East field (previously Ermitrude) in 2007 led to further appraisal drilling and the launch of an area development. A Plan for Development and Operation (PDO) was submitted for Gina Krog and Gina Krog East in December 2012 and approved in March 2013. The ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Eirin field likely to be developed via Gina Krog facilities
- Gas reinjections unlikely to restart as Equinor responds to Europe's gas supply crunch
- Oil and condensate exports to be re-routed in 2024
- Decarbonisation project delayed to late 2023
- Reservoir complexity has resulted in mixed production performance
- Nearby discoveries and upcoming exploration offer potential tie-ins
- Location maps
-
Participation
-
Unitisation
- Historical corporate activity and licensing
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Unitisation
- Geology
- Well data
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Exploration
- Current exploration
- Historical exploration
-
Reserves and resources
- In place volumes
- Recovery factors
- Sub-commercial volumes
- Production
-
Development
-
Gina Krog development
- Platform and FSO
- Power from shore
- Eirin development (PDO expected by June 2023)
- Development drilling
-
Gina Krog development
-
Infrastructure
- Liquids
- Gas
-
Costs
-
Capital costs
- Gina Krog
- Eirin
-
Decommissioning costs
- Gina Krog
- Eirin
-
Operating costs
- Transportation costs
- Emission taxes
- Gina Krog
- Eirin
-
Capital costs
- Sales contracts
- Fiscal and regulatory
-
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
- Indicative technical valuations
Tables and charts
This report includes 35 images and tables including:
- Key facts: Table 1
- Index map
- Gina Krog Area map
- Geology: Table 1
- Well data: Table 1
- Production: Table 1
- Production: Table 2
- Gina Krog Area production profile
- Eirin production profile
- Participation: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Development: Table 1
- Development: Table 2
- Development: Table 3
- Infrastructure: Table 1
- Gina Krog Area 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 01/01/2023
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
- Remaining Present Value Price Sensitivities
- Gina Krog Area cash flow (NKr million)
- Economic analysis: Table 5
- Economic analysis: Table 6
- Economic analysis: Table 7
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Costs: Table 5
- Costs: Table 6
- Costs: Table 7
What's included
This report contains:
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