Name: Solveig Area
Brand: Wood Mackenzie
SKU: 15360
Price: 5280 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 06 November 2025

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Report summary

The Solveig Area is made up of four segments (A, B, C and D) containing two main reservoir intervals the Outer Wedge and Synrift. They are in the Utsira High area of the Norwegian North Sea, approximately 15 kilometres south of the Edvard Grieg field. The operator submitted the Phase 1 Plan for Development and Operation (PDO) in March 2019. It covered the development of the Outer Wedge reservoir in segments B and C and a test of the Synrift reservoir in the B segment. The first phase ...

Summary
Key Issues
- Phase 2 qualified for Norway's temporary tax terms
- Higher facility capacity will increase production potential
- Future exploration upside
- Reservoir quality risk
- Decarbonisation - electrification
- Historical licensing and corporate activity
- Future
- Historical exploration
In place volumes and recovery factors
Emissions
- Phase 1
- Phase 2
- Facilities
Liquids
Gas
Capital costs
- Solveig Phase I
- Solveig Phase II
Decommissioning costs
Operating costs
- Transportation costs
- Emission taxes
Cash flow
Cash Flow
Cash flow (US$ million)
1 more item(s)...