Name: Kraken Area
Brand: Wood Mackenzie
SKU: 40398
Price: 5280 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 30 April 2025

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Report summary

The Kraken Area includes the Kraken and Kraken North heavy oil fields. The fields are located in a heavy oil prone area, close to the Mariner, Bentley and Bressay fields in the Northern North Sea.The Kraken Area has been developed with 32 wells (17 producers and 15 injectors). The wells are tied-back to the leased Armada Kraken FPSO through three drill centre manifolds.The Kraken reservoirs are supported by considerable water injection volumes, with rates of up to 330,000 b/d expected later ...

Summary
Key Issues
- Financial difficulties for JV partner has delayed investment decisions
- Fuel gas from Bressay could reduce FPSO fuel costs by 50%
- Further upside could be unlocked through drilling and EOR
- Partners still planning to purchase the FPSO
Emissions
- Subsea
- FPSO
Capital costs
Decommissioning costs
Operating costs
Global Economic Model (GEM) file
Cash Flow
Cash flow (US$ million)
Cash flow (£ million)