Hugin is a conventional oil development located in shallow water in Norway and is operated by Aker BP. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Hugin was discovered in 1976, lies in block 25/2P (PL 442) and 25/3P (PL 442), with water depth of around 399 feet. Buy the profile here.
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The project is currently in construction stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $4,853 m. The Hugin conventional oil development will involve the drilling of approximately 27 wells and includes fixed platform, subsea tree, and wellhead platforms.
Field participation details
The field is owned by Aker BP and Orlen.
Production from Hugin
Production from the Hugin conventional oil development project is expected to begin in 2027 and is forecast to peak in 2028, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2054.
Contractors involved in the Hugin conventional oil field
Some of the key contractors involved in the Hugin project as follows.
Design/FEED Engineering: Aker Solutions and Allseas Group
Main EPC: Aker Solutions
EPC Contractors: Global Energy (Holdings), Apply and BLRT Grupp
Other Contractors: Aker Solutions, Keppel, Multiconsult, Enersense International and Consub
About Aker BP
Aker BP ASA (Aker BP) carries out the exploration, field development, and production of oil and gas. The company's operating field includes Alvheim, Ivar Aasen, Skarv, Edvard Grieg, Ula, and Valhall. It also holds a partnership in the Johan Sverdrup field. Aker BP serves the production of energy and raw materials for various products. The company's products and services are utilized across various industries that require energy and raw materials. It works in alliances with strategic partners. Aker BP is headquartered in Fornebu, Oslo, Norway.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
