Shrek is a conventional gas development located in deepwater 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, Shrek was discovered in 2019, lies in block 6507/5P (PL 838), with water depth of around 1,174 feet. Buy the profile here.
Smarter leaders trust GlobalData
The project is currently in feasibility stage and is expected to start commercial production in 2026. The development cost is expected to be $179 m.
Field participation details
The field is owned by Aker BP, Equinor, Others and Rex International Holding.
Production from Shrek
Production from the Shrek conventional gas development project is expected to begin in 2026 and is forecast to peak in 2027, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2063.
Contractors involved in the Shrek conventional gas field
Some of the key contractors involved in the Shrek project as follows.
Other Contractors: Aker Solutions, Corinth Pipeworks, Odfjell Drilling and Applied Petroleum Technology
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.
For more details on the Shrek Conventional Gas Field, buy the profile here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
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.
