Company · the network on the Norwegian shelf
M Vest Energy
M Vest Energy holds stakes in 4 fields on the Norwegian shelf. The map shows how the fields connect to pipelines, landfall and markets.
- Calculated equity production
- 0.14 million Sm³ o.e.
- Estimate · Aug 2025–Jul 2026 · Sodir, production · 7 Oct 2026
- Pipeline systems and plants where the company has a stake or operates the system or parts of it
- 5
- Sodir, pipeline systems and plants · 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.
- Field and shareDraugen 7.56% unchanged since 31 Mar 2022field 1.11 million Sm³ o.e. last 12 mo · company's part ≈ 0.084 million Sm³ o.e. (estimate)Facilities and pipelines
Draugen, Draugen FSL 21 facilities in service, 19 on the seabed
- Draugen Gasseksport gas · 16″
- Åsgard Transport gas · 42″ · onward to Kårstø derived
Landfall- Kårstø Norway · gas derived
- Loaded onto ships oil curated, Sodir 20 Feb 2026
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.
- Field and shareBrage 4.44% unchanged since 31 Mar 2022field 1.18 million Sm³ o.e. last 12 mo · company's part ≈ 0.052 million Sm³ o.e. (estimate)Facilities and pipelines
Brage 1 facility in service
- Brage – Brage-T gas · 8.625″
- Oseberg Oljetransport oil · 28″ · onward to Sture curated, Sodir 20 Feb 2026
- Statpipe gas · 30″ · onward to Kårstø derived
Landfall- Sture Norway · oil curated, Sodir 20 Feb 2026
- Kårstø Norway · gas derived
Market- Possible routes for the gas
- Dornum, Emden Germany
- Dunkerque France
- North Sea Entry Denmark
The buyers of the oil are not in the data.
- Field and shareIvar Aasen 0.80% unchanged since 31 Mar 2022field 0.96 million Sm³ o.e. last 12 mo · company's part ≈ 0.008 million Sm³ o.e. (estimate)Facilities and pipelines
Ivar Aasen 1 facility in service
Processed at Edvard Grieg curated, Sodir 20 Feb 2026
- Edvard Grieg Oljerør oil · 28″ · onward to Grane-Y
- Grane Oljerør oil · 28″ · onward to Sture derived
- Utsirahøyden Gassrør gas · 16″ · onward to SAGE-T
Landfall- Sture Norway · oil derived
- St Fergus United Kingdom · gas · via SAGE curated, Sodir 20 Feb 2026
MarketThe buyers of the oil are not in the data.
- Facilities and pipelines
No facilities in service at Sodir
Processed at Brage curated, Sodir 20 Feb 2026
- Brage – Brage-T gas · 8.625″ · onward to Brage-T
- Oseberg Oljetransport oil · 28″ · onward to Sture curated, Sodir 20 Feb 2026
- Statpipe gas · 30″ · onward to Kårstø derived
Landfall- Sture Norway · oil curated, Sodir 20 Feb 2026
- Kårstø Norway · gas derived
Market- Possible routes for the gas
- Dornum, Emden Germany
- Dunkerque France
- North Sea Entry Denmark
The buyers of the oil are not in the data.
Pipeline systems and plants
Pipeline systems and plants (TUF) where M Vest Energy holds a stake or is the operator at Sodir. Ownership applies to the whole system, not to single pipelines.
Pipeline systems and plantsSodir, pipeline systems and plants · 7 Oct 2026
| Name | Type | Operator | Share |
|---|---|---|---|
| Draugen Gasseksport | Pipeline | OKEA | 7.56% |
| Polarled | Pipeline | Gassco | 5.00% |
| Draugen-Njord Kraftanlegg | Onshore plant | OKEA | 3.78% |
| Utsirahøyden Gassrør | Pipeline | Gassco | 1.81% |
| Edvard Grieg Oljerør | Pipeline | Equinor | 1.21% |
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.
Rigs
Norwegian Offshore Directorate, exploration wells being drilled (NLOD 2.0), 7 Oct 2026 · Norwegian Offshore Directorate, wellbores spudded in the last 120 days (NLOD 2.0), 7 Oct 2026 · AIS from Kystverket (Norwegian Coastal Administration, Kystdatahuset real-time picture) (NLOD 1.0), 7 Oct 2026, 14:34 UTC · OESA, rig key Sodir ↔ MMSI ↔ IMO (curated: name match in AIS and SafeSeaNet, checked against the well) (NLOD 1.0 / NLOD 2.0), 7 Oct 2026
- Noble Invincible Noble
Probably drilling 16/1-D-12 AY1 on Ivar Aasen, spudded 13 Sep 2026 (Sodir has no completion date) · operator Aker BP
AIS 7 Oct 2026, 14:33 UTC: at Ivar Aasen (100 m)
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
- Draugen 1 vessel
24 hours · 1 visit, last 1 Oct 2026
Sjoborg - Ivar Aasen 1 vessel
11.6 hours · 2 visits, last 1 Oct 2026
Olympic Energy - Brage 1 vessel
8.6 hours · 1 visit, last 1 Oct 2026
Siem Pride
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
- Tananger 30 offshore vessels, 171 departures
Most departures: Arctic Tide 16, Sun Tide 14, Solitaire Tide 13, Stril Pioner 12, Olympic Energy 11 - Mongstad 23 offshore vessels, 111 departures
Most departures: Torsborg 13, Troms Arcturus 12, Havila Charisma 11, Havila Foresight 11, Rem Star 11 - Kristiansund 18 offshore vessels, 70 departures
Most departures: Kongsborg 11, Rem Art 9, Stril Neptun 9, Troms Sirius 9, Sjoborg 8
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. Sodir often records the completion date of development wells late. A rig marked “probably drilling” spudded the well in the last 120 days but may have finished. 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 M Vest Energy that M Vest Energy 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
Gassled Joint venture · operator Gassco
Owners: Petoro (SDFI) 100.00%
3 fields: 3 onward
Onward: Bestla, Brage, Draugen
The links: 3 derived from the OESA pipeline graph
Oseberg Transportsystem Pipeline · operator Equinor
Owners: Petoro (SDFI) 48.38%, Equinor 36.23%, TotalEnergies 12.98%, ConocoPhillips 2.40%
3 fields: 3 onward
Onward: Bestla, Brage, Ivar Aasen
The links: 1 derived from the OESA pipeline graph · 2 curated from the field description of Brage
Grane Oljerør Pipeline · operator Equinor
Owners: Petoro (SDFI) 42.06%, Vår Energi 28.22%, Equinor 23.54%, ConocoPhillips 6.17%
1 field: 1 onward
Onward: Ivar Aasen
The links: 1 derived from the OESA pipeline graph
Nybro Tee – Niechorze-Pogorzelica, Polen Pipeline · gas · in service · not part of a pipeline system (TUF) at Sodir
3 fields: 3 possible route
Possible route: Bestla, Brage, Draugen
The links: 3 derived from the OESA pipeline graph
Supply bases
The main supply base the Norwegian Offshore Directorate lists for each field. Sodir, supply base · 28 Sep 2026
- Mongstad 2 fieldsBrage, Bestla
- Kristiansund 1 fieldsDraugen
- Tananger 1 fieldsIvar Aasen
Connected to
Partners
The companies M Vest Energy shares the most fields with, by current stakes. Sodir, licensees · 7 Oct 2026
- OKEA 4 shared fields
- DNO 3 shared fields
- Lime Petroleum 2 shared fields
- Petoro (SDFI) 1 shared fields
- Petrolia NOCO 1 shared fields
- Equinor 1 shared fields
- Aker BP 1 shared fields
Projects
- Utsira High power from shore part of
Pipeline systems and plants
- Gassco operator
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 M Vest Energy's share of production, month by month. The share is the equity share in force each month.
- Last 12 months
- 675 NOK mestimateAug 2025–Jul 2026
- July 2026
- 67 NOK mestimateBrent USD 83.76/bbl · gas EUR 54.0/MWh
- Share of the shelf's value
- 0.057%estimatelast 12 months
- Gas in the value
- 27%estimatelast 12 months
Oil and condensateGasNGL
Show as table
| Month | Oil and condensate | Gas | NGL | Total (NOK m) |
|---|---|---|---|---|
| Jul 2026 | 41 | 22 | 3.2 | 67 |
| Jun 2026 | 35 | 17 | 3.7 | 56 |
| May 2026 | 28 | 13 | 3.4 | 44 |
| Apr 2026 | 59 | 19 | 4.4 | 82 |
| Mar 2026 | 59 | 24 | 3.4 | 86 |
| Feb 2026 | 36 | 13 | 2.9 | 52 |
| Jan 2026 | 39 | 15 | 3.2 | 57 |
| Dec 2025 | 31 | 11 | 2.7 | 45 |
| Nov 2025 | 33 | 12 | 2.5 | 47 |
| Oct 2025 | 26 | 11 | 2.3 | 39 |
| Sep 2025 | 31 | 12 | 2.5 | 45 |
| Aug 2025 | 39 | 14 | 2.9 | 55 |
| Jul 2025 | 45 | 13 | 3.0 | 61 |
| Jun 2025 | 33 | 13 | 2.7 | 48 |
| May 2025 | 34 | 12 | 2.7 | 49 |
| Apr 2025 | 34 | 11 | 2.9 | 48 |
| Mar 2025 | 41 | 15 | 3.9 | 60 |
| Feb 2025 | 39 | 17 | 3.6 | 60 |
| Jan 2025 | 48 | 18 | 3.7 | 69 |
| Dec 2024 | 48 | 19 | 4.6 | 72 |
| Nov 2024 | 42 | 17 | 4.1 | 64 |
| Oct 2024 | 47 | 14 | 3.3 | 64 |
| Sep 2024 | 38 | 1.3 | 0.3 | 40 |
| Aug 2024 | 46 | 11 | 2.6 | 59 |
The fields, last 12 monthsestimate
| Field | Share | Value |
|---|---|---|
| Draugen | 7.56% | 393 NOK m |
| Brage | 4.44% | 247 NOK m |
| Ivar Aasen | 0.80% | 36 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.
M Vest Energy AScompany · org. no. 916 358 857
| Year (NOK) | Revenue | Operating profit | Net profit |
|---|---|---|---|
| 2025 | 726 m | 111 m | −20.5 m |
| 2024 | 814 m | 257 m | 891,000 |
| 2023 | 785 m | 262 m | −32.0 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
- The shares are legal ownership shares in the fields (Sodir), not the company's reported production.
- Gas is mixed in the pipeline network. A «possible route» is a pipeline connection onwards from a junction or an onshore plant, not a measure of where the field's gas actually goes.
- The arrows show direction, not volume. The direction is Sodir's from → to for each pipeline; Sodir has no flow per pipeline.
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.
- ENTSOG Transparency Platform, entry points for Norwegian gas (the points in OESA's gas panel); position from the Norwegian Offshore Directorate 7 Oct 2026
- Supply base: Norwegian Offshore Directorate (field table); the position is the port's, from the World Port Index, Wikidata or OpenStreetMap 28 Sep 2026 · licence NLOD 2.0 / public domain / ODbL
- OESA, pipeline graph derived from Sodir pipelines and facilities (merging ≤0.8 km, tee ≤4 km, branch ≤1 km) 7 Oct 2026Pipelines are linked on the Sodir facility ids. Pipeline ends without a continuation are linked into the nearest pipeline with the same medium within 4 km.
- Norwegian Offshore Directorate, licensees per field (current shares) 7 Oct 2026 · licence NLOD 2.0
- Norwegian Offshore Directorate, fields: status, operator and supply base 28 Sep 2026 · licence NLOD 2.0
- Norwegian Offshore Directorate, facilities 7 Oct 2026 · licence NLOD 2.0
- Norwegian Offshore Directorate, marketable production per field and month 7 Oct 2026 · licence NLOD 2.0
- Norwegian Offshore Directorate, transport pipelines 7 Oct 2026 · licence NLOD 2.0
- Norwegian Offshore Directorate, owners and operators of pipeline systems and plants (TUF) 7 Oct 2026 · licence NLOD 2.0
- Norwegian Offshore Directorate, field description Brage (Transport), curated by OESA 20 Feb 2026 · licence NLOD 2.0
- Norwegian Offshore Directorate, field description Draugen (Transport), curated by OESA 20 Feb 2026 · licence NLOD 2.0
- Norwegian Offshore Directorate, field description Volund (SAGE to St Fergus), curated by OESA 20 Feb 2026 · licence NLOD 2.0
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.