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OESAAnalysis

Company · the network on the Norwegian shelf

Kistos

Kistos holds stakes in 2 fields on the Norwegian shelf. The map shows how the fields connect to pipelines, landfall and markets.

Show on the globe

Calculated equity production
0.46 million Sm³ o.e.
Estimate · Aug 2025–Jul 2026 · Sodir, production · 7 Oct 2026
Share of Norwegian production
0.188%
Estimate · Sodir, production · 7 Oct 2026
Per day
8,000 barrels o.e./day
Estimate · Sodir, production · 7 Oct 2026
Fields with a stake
2
Sodir, licensees · 7 Oct 2026
Operator of
0 fields
Sodir, licensees · 7 Oct 2026

Estimate: Calculated by OESA, not figures from the company: for each field the company's current share is multiplied by the field's marketable production (Aug 2025–Jul 2026) from the Norwegian Offshore Directorate, and the results are summed. 1 Sm³ o.e. = 6.29 barrels; rounded to the nearest 1,000 above 10,000, the nearest 100 above 1,000 and the nearest 10 above 100.

The network

From owner to market. Links without their own label have their source in the column heading; curated, derived and possible links are labelled at the link.

  • The colour shows the content:
  • Gas
  • Oil
  • Condensate
  • CO₂
  • Oil and condensate
  • The line shows the source:
  • pipeline in Sodir data
  • curated from Sodir's field description
  • possible onward route, not measured flow
  • planned or not in service

The links show direction, not volume.

Kistos2 fields with a stakeAt Sodir: Kistos Energy (Norway) AS
Field and shareSodir, licensees · 7 Oct 2026; Sodir, fields · 28 Sep 2026; Sodir, production · 7 Oct 2026
Facilities and pipelinesSodir, facilities · 7 Oct 2026; Sodir, pipelines · 7 Oct 2026
Landfall
MarketENTSOG points in the gas panel · 7 Oct 2026; OESA pipeline graph · 7 Oct 2026
  1. Field and shareBalder 10.00% unchanged since 1 Aug 2019field 4.47 million Sm³ o.e. last 12 mo · company's part ≈ 0.45 million Sm³ o.e. (estimate)
    Facilities and pipelines

    Jotun FPSO, Balder FPU, Ringhorne 35 facilities in service, 32 on the seabed (1 without a position at Sodir, not shown on the globe)

    Landfall
    Market
    • Possible routes for the gas
    • Dornum, Emden Germany
    • Dunkerque France
    • North Sea Entry Denmark

    The receivers of the cargoes are not in the data.

  2. Field and shareRinghorne Øst 7.40% unchanged since 1 Aug 2019field 0.21 million Sm³ o.e. last 12 mo · company's part ≈ 0.015 million Sm³ o.e. (estimate)
    Facilities and pipelines

    No facilities in service at Sodir

    Processed at Balder curated, Sodir 20 Feb 2026

    Landfall
    Market
    • Possible routes for the gas
    • Dornum, Emden Germany
    • Dunkerque France
    • North Sea Entry Denmark

    The receivers of the cargoes are not in the data.

Fleet

Rigs drilling, offshore vessels at the facilities in the AIS picture 7 Oct 2026, 14:34 UTC and the supply vessels from the base in the last 30 days.

Offshore vessels at the facilities

Within 2 km of a facility and under 1 knot. AIS from Kystverket (Norwegian Coastal Administration, Kystdatahuset real-time picture) (NLOD 1.0), 7 Oct 2026, 14:34 UTC · Norwegian Coastal Administration, Kystdatahuset: reported voyages and register type (SafeSeaNet) (NLOD 1.0), 6 Oct 2026

Visits, latest day with data: 1 Oct

Rigs and offshore vessels that lay within 2 km of a facility at under 1 knot for at least 30 minutes, according to the AIS positions for 1 Oct 2026 from the Norwegian Coastal Administration. Kystdatahuset publishes the history about a week late. A visit shows that the vessel was there, not who it worked for. AIS from Kystverket (Norwegian Coastal Administration, Kystdatahuset historical positions) (NLOD 1.0), latest day 1 Oct 2026 · Norwegian Coastal Administration, Kystdatahuset: register type (SafeSeaNet) (NLOD 1.0), 1 Oct 2026 · Norwegian Offshore Directorate, facilities with position (NLOD 2.0), 7 Oct 2026 · OESA, rig key Sodir ↔ MMSI ↔ IMO (curated) (NLOD 1.0 / NLOD 2.0), 7 Oct 2026

Method: A visit is a continuous stay within 2 km of a facility at under 1 knot for at least 30 minutes, computed from the AIS positions. Gaps in the data of up to 60 minutes, or 3 hours when the vessel is in the same place before and after, do not count as interruptions. Hours are the sum of the visits. Only rigs and vessels with an offshore register type or registered with the Norwegian Offshore Directorate are included.

Supply vessels from the base, last 30 days

Reported departures by offshore vessels (register type in SafeSeaNet). Supply base: Norwegian Offshore Directorate (the field's main supply base); the port's position from the World Port Index, Wikidata or OpenStreetMap (NLOD 2.0 / offentlig eiendom / ODbL), 28 Sep 2026 · Norwegian Coastal Administration, Kystdatahuset: reported voyages and register type (SafeSeaNet) (NLOD 1.0), 6 Oct 2026

Who charters a rig or vessel, and at what rate, is not in open data. A vessel is linked to a field only when AIS shows it within 2 km of one of the field's own facilities or its host facility, at under 1 knot – that says the vessel was there, not who it works for. Facilities on the export route do not count. Tankers loading oil from production ships (FPSOs) and loading buoys are not included. Supply vessels per base are based on reported departures (SafeSeaNet). The destination is usually just the sea area (“Offshoreinst. Nordsjøen”, “… Barentshavet”), so the field the vessel supplies is not stated. Peterhead is British and has no departures in Kystdatahuset. AIS coverage offshore varies. A vessel without positions for a period may have been there without being recorded. Ship data: Norwegian Coastal Administration. Not for navigation.

Export routes for the fields

Pipeline systems and plants (TUF) on the way from the fields of Kistos that Kistos neither owns nor operates. Those the company owns or operates are in the table above. Each field is listed with its strongest link. “Onward” means that the production continues into it and “possible route” that there is an onward pipeline connection, not measured flow.

Sodir, pipeline systems and plants · 7 Oct 2026; Sodir, pipelines · 7 Oct 2026

Supply bases

The main supply base the Norwegian Offshore Directorate lists for each field. Sodir, supply base · 28 Sep 2026

Connected to

Partners

The companies Kistos shares the most fields with, by current stakes. Sodir, licensees · 7 Oct 2026

Pipeline systems and plants

Events

Ownership changes, exploration wells and discoveries, rigs that move, production start-up and contracts, with a link to the source.

No events in the last 12 months in the data.

Last 12 months (7 Oct 2025–7 Oct 2026). Sources: Norwegian Offshore Directorate (Sodir, NLOD 2.0): licence transfers (retrieved 7 Oct 2026), exploration wells and discoveries (7 Oct 2026), wellbores with drilling rig and the company responsible for the rig (7 Oct 2026) and field status (7 Oct 2026).

Economics

Estimated gross sales value of Kistos's share of production, month by month. The share is the equity share in force each month.

Last 12 months
2.3 NOK bnestimateAug 2025–Jul 2026
July 2026
86 NOK mestimateBrent USD 83.76/bbl · gas EUR 54.0/MWh
Share of the shelf's value
0.191%estimatelast 12 months
Gas in the value
4%estimatelast 12 months

Oil and condensateGas

0100200300August 2024: NOK 82 m · Oil and condensate 82September 2024: NOK 52 m · Oil and condensate 52October 2024: NOK 60 m · Oil and condensate 60Oct 24November 2024: NOK 75 m · Oil and condensate 75December 2024: NOK 70 m · Oil and condensate 70January 2025: NOK 68 m · Oil and condensate 68Jan 25February 2025: NOK 68 m · Oil and condensate 68March 2025: NOK 69 m · Oil and condensate 69April 2025: NOK 69 m · Oil and condensate 69Apr 25May 2025: NOK 54 m · Oil and condensate 54June 2025: NOK 67 m · Oil and condensate 67July 2025: NOK 93 m · Oil and condensate 93Jul 25August 2025: NOK 146 m · Oil and condensate 143 · Gas 3.5September 2025: NOK 175 m · Oil and condensate 170 · Gas 5.3October 2025: NOK 190 m · Oil and condensate 185 · Gas 4.6Oct 25November 2025: NOK 176 m · Oil and condensate 171 · Gas 4.7December 2025: NOK 155 m · Oil and condensate 153 · Gas 1.5January 2026: NOK 191 m · Oil and condensate 183 · Gas 7.8Jan 26February 2026: NOK 169 m · Oil and condensate 162 · Gas 7.0March 2026: NOK 271 m · Oil and condensate 258 · Gas 13April 2026: NOK 274 m · Oil and condensate 265 · Gas 8.0Apr 26May 2026: NOK 251 m · Oil and condensate 238 · Gas 13June 2026: NOK 174 m · Oil and condensate 164 · Gas 10July 2026: NOK 86 m · Oil and condensate 83 · Gas 2.5Jul 2686
Show as table
Estimated sales value per month (NOK m)
MonthOil and condensateGasTotal (NOK m)
Jul 2026832.586
Jun 202616410174
May 202623813251
Apr 20262658.0274
Mar 202625813271
Feb 20261627.0169
Jan 20261837.8191
Dec 20251531.5155
Nov 20251714.7176
Oct 20251854.6190
Sep 20251705.3175
Aug 20251433.5146
Jul 2025930.093
Jun 2025670.067
May 2025540.054
Apr 2025690.069
Mar 2025690.069
Feb 2025680.068
Jan 2025680.068
Dec 2024700.070
Nov 2024750.075
Oct 2024600.060
Sep 2024520.052
Aug 2024820.082

The fields, last 12 monthsestimate

FieldShareValue
Balder10.00%2.2 NOK bn
Ringhorne Øst7.40%77 NOK m

Share: the equity share today. Value: estimated sales value of the share over the last 12 months, with the share in force each month.

Check against Statistics Norway

For the whole shelf the method gives NOK 1,180.9 bn for Aug 2025–Jul 2026. Statistics Norway's export value for crude oil, condensate, pipeline gas, LNG, propane and butane was NOK 1,107.3 bn, −6.2% against the estimate. Month by month the difference ranged from −10.5% (June 2026) to −1.0% (January 2026); Statistics Norway was below the estimate in all 12 months. Crude oil and condensate in the trade statistics (commodity numbers 2709.0009 and 2709.0001) were 93% of oil and condensate production, and pipeline gas (2711.2100) was 94% of gas production in the same months. On top of this, 4.35 million tonnes of LNG (2711.1100) were exported. Statistics Norway reports LNG only in tonnes, so it is not included in the gas percentage. The prices in Statistics Norway's export statistics differed on average by −0.8% from Brent and −0.7% from the gas price, but by up to −10.7% for oil in a single month (June 2026). Exports of propane and butane averaged 58% of NGL production converted to tonnes, so the NGL price only covers part of the products.

How the estimate is calculated

Estimated gross sales value, calculated by OESA: for each field and month, (oil + condensate) × 6.2898 bbl/Sm³ × Brent (USD/bbl) × USD/NOK, gas × 0.011111 MWh/Sm³ (40 MJ) × European gas price (EUR/MWh) × EUR/NOK and NGL ÷ 1.9 Sm³ o.e. per tonne × NGL price (NOK/tonne) are added up. A company's figure is the field value times the equity share in force on the 15th of each month, summed over the fields and the group's legal entities. These are not the companies' own figures. Prices in July 2026: Brent USD 83.76/bbl, gas in Europe USD 18.06/mmbtu (EUR 53.97/MWh), NGL NOK 5,142/tonne, USD/NOK 9.7064 and EUR/NOK 11.0822. Sources of error: Brent and TTF are benchmark prices. Actual sales prices depend on crude quality, timing of sales, contracts and hub (NBP, THE, PEG, ZTP). The production month is not the sales month: cargoes are lifted and sold at other times (over/underlift, storage). The energy content of gas is set to 40 MJ/Sm³ for all fields, and NGL to 1.9 Sm³ o.e. per tonne. Both vary between fields. NGL is priced with Statistics Norway's export price for propane and butane; ethane and other NGL products may have other prices. Transport tariffs (Gassled), tax (78%), costs and hedging are not deducted. The figure is market sales value, not netback at the field or profit. LNG from Melkøya is priced as pipeline gas.

Accounts

Key figures from the annual accounts in the Brønnøysund register for the Norwegian companies behind it, in the currency the company reports in. The figures cover the whole company, not just the Norwegian shelf.

Kistos Energy (Norway) AScompany · org. no. 918 980 946

Year (NOK)RevenueOperating profitNet profit
20251.1 bn−95.7 m−9.4 m
2024947 m71.3 m−682 m
2023650 m−82.3 m−400 m

Sources: Norwegian Offshore Directorate, marketable production per field and month, NLOD 2.0, 7 Oct 2026. Norwegian Offshore Directorate, licensees per field with history, NLOD 2.0, 7 Oct 2026. U.S. Energy Information Administration, Europe Brent Spot Price FOB (RBRTE), via FRED (DCOILBRENTEU), Public Domain: Citation Requested (FRED), 7 Oct 2026. EIA lists «Refinitiv, an LSEG business» as the source of the spot prices. World Bank, Commodity Price Data (The Pink Sheet), monthly prices, «Natural gas, Europe», CC BY 4.0, 2 Oct 2026. From April 2015 the series is TTF (Netherlands), according to the World Bank's description in the file. Norges Bank, exchange rates (EXR), monthly average, NLOD 2.0, 7 Oct 2026. The licence is stated on the dataset «API for åpne data» at data.norge.no. Norges Bank's own open-data page states no licence. Statistics Norway, table 08799: External trade in goods by commodity number, imports/exports, country and month (exports, all countries), CC BY 4.0, 15 Sep 2026. Value ÷ quantity for exported propane (2711.1200) and butane (2711.1300). Statistics Norway notes that 0 may also mean the figure is confidential. Brønnøysund Register Centre, Register of Company Accounts (key figures), NLOD 2.0, 7 Oct 2026. The API is described as a temporary R&D API. The organisation numbers come from the Norwegian Offshore Directorate's company table. Norwegian Offshore Directorate, companies with organisation numbers, NLOD 2.0, 7 Oct 2026. The estimates are calculated by OESA and are not the companies' own figures.

Notes

Sources

All figures and links on the page come from these sources. Curated links are entered by hand by OESA from the source text, and the quote is checked against the source at every build.

Not in the data: Flow in each pipeline, which field's gas ends up in which country, the buyers of oil and gas and the company's contracts.