Asset Report
Yggdrasil
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Yggdrasil project is located south of Oseberg in the Northern North Sea. The area includes 19 discoveries, some of which were discovered as early as 1975. Yggdrasil is split between the Hugin (North of Alvheim), Fulla and Munin (Krafla/Askja) licenses, each with different participating interests. The commercial negotiations were complex as a result. But, in June 2020 the partners announced that an agreement had been confirmed and in December 2022 a Plan for Development and Operation ...
Why buy this report?
The NOAKA project is the largest addition to our Norwegian project pipeline in five years. It is a complex development with 15 stranded oil and gas discoveries and five different partners. This report will help you navigate the diverse types of companies involved – Majors, a Norwegian independent, an integrated company and Private Equity - understand what the development concept looks like and why operators are on opposing sides, one preferring a newer, unproven method while the other wants to play it safe.
Who can benefit from this report?
- Companies looking for acquisition opportunities
- Companies with stranded resource in the North Sea can use the NOAKA project as a blueprint for new developments
- Supply chain – this is a massive project and holds great potential for the supply chain
Table of contents
- Summary
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Key Issues
- Cost and reserve increases since PDO
- Project complexity and cost increases remain risks to project execution
- Omega Alfa adds resources to Yggdrasil area
- Aker BP increases Yggdrasil resource ambition
- Identified nearby prospectivity can contribute to further resource growth
- Liatårnet discovery downgraded
- Power from shore will lower emissions
- Historical licensing and corporate activity
- 21 more item(s)...
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Emissions
- Drilling
- Subsea
- Munin:
- Krafla Main, Vest and Nord
- Askja and Askja Vest
- Beerenberg, Haraldplass and Steinbit
- Hugin
- Hugin A (Øst Frigg Delta and Gamma)
- 21 more item(s)...
Tables and charts
This report includes the following images and tables:
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Index mapYggdrasil map
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Field characteristicsReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2027-2036)Munin production profileHugin production profile
- 31 more item(s)...
What's included
This report contains:
