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Report summary

The Veslefrikk oil field is located north of the Oseberg area in the Northern North Sea. The field was developed using a fixed wellhead tower with drilling facilities and a semi-submersible rig for processing and accommodation. After processing, the oil is exported via the Oseberg field centre to Sture, while the gas is transported via Statpipe to the continent. The Veslefrikk field is in the decline phase and the operator is focused on managing through development drilling. The drilling facilities were recently upgraded which is expected to make operations more efficient during this tail-end production phase. Sale of injected gas started at the end of 2011 and we expect produced volumes to increase followed by a gas blowdown phase in the final years of field life.

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Table of contents

Tables and charts

This report includes 26 images and tables including:


  • Index Map
  • Veslefrikk Map
  • Production Profile
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining Present Value Price Sensitivities


  • Key facts: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Development: Table 1
  • Participation: Table 1
  • Costs: Table 1
  • Costs: Table 2
  • Decommissioning Costs
  • Costs: Table 4
  • Cash Flow (US$ million)
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Cash Flow (NKr million)
  • Economic analysis: Table 5
  • Economic analysis: Table 6

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