VOLUND

Discovery year
1994
Wellbore
Status
Producing
Licence

Operator:

Aker BP ASA

Area:

North Sea

Production start:

10.09.2009

Historical investments per 31.12.2018:

5 322 MILL NOK (nominal)

Future investments from 2019:

295 MILL NOK (real 2019 NOK)

PRODUCTION FROM THE FIELD

Source: The Norwegian Petroleum Directorate

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PRODUCTION FROM THE FIELD

Development

Volund is a field in the North Sea, 10 kilometres south of the Alvheim field. The water depth is 120 metres. Volund was discovered in 1994, and the plan for development and operation (PDO) was approved in 2007. The field was developed with a subsea template including four horizontal subsea production wells and one injection well tied to the Alvheim production, storage and offloading vessel (FPSO). Production started in 2009. An additional subsea template was installed later.

Reservoir

Volund produces oil from Paleocene sandstone in the Hermod Formation. The deposit is a unique injectite trap. The sand was remobilised in the early Eocene and injected into the overlying Balder Formation. The reservoir lies at a depth of 2,000 metres and has excellent quality.

Recovery

The field is produced with significant pressure support from the aquifer and with injection of produced water delivered from the Alvheim FPSO.

Transport

The well stream is routed by pipeline to the Alvheim FPSO. The oil is offloaded to shuttle tankers, and the associated gas is transported to the Scottish Area Gas Evacuation (SAGE) pipeline system and further to St Fergus in the UK.

Status

Additional wells drilled on the Volund field in 2017 and 2019 have resulted in significantly increased production. Water cut on the field is increasing.

ACCRUED INVESTMENTS IN NOMINAL NOK

Source: The Norwegian Petroleum Directorate

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ACCRUED INVESTMENTS IN NOMINAL NOK

NPD's CURRENT RESOURCE ESTIMATES

All numbers in mill. Sm3 o.e.

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NPD's CURRENT RESOURCE ESTIMATES – All numbers in mill. Sm3 o.e.
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OWNERS

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OWNERS

DISCOVERIES INCLUDED IN THE FIELD

DISCOVERY
24/9-5 Volund

MORE INFORMATION

Visit the Norwegian Petroleum Directorate's fact pages for more information