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OESAAnalysis

Field · North Sea

Volve

Volve is an oil field in the North Sea, discovered in 1993. Status: shut down. Operator: Equinor Energy AS.

Shut downOil

Status
Shut down
Contains
Oil
Sea area
North Sea
Operator
Equinor Energy AS
Discovered
1993
Approved for production
22 Apr 2005
Production start
12 Feb 2008
Shut down
22 Sep 2016
Supply base
Dusavik
Sodir ID
3420717

Show on the globeFact page at the Norwegian Offshore Directorate

Production

Last 12 months
0 no production Aug 2025–Jul 2026
Peak year
2009 3.17 million Sm³ o.e.
0123 2008: 2.02 million Sm³ o.e.20082009: 3.17 million Sm³ o.e.20092010: 1.93 million Sm³ o.e.20102011: 0.97 million Sm³ o.e.20112012: 0.65 million Sm³ o.e.20122013: 0.62 million Sm³ o.e.20132014: 0.78 million Sm³ o.e.20142015: 0.90 million Sm³ o.e.20152016: 0.36 million Sm³ o.e.2016

OilGasNGLCondensate

Show the figures as a table
Production per year, Volvemillion Sm³ o.e.
YearOilGasNGLCondensateTotal
20160.330.030.000.000.36
20150.880.000.020.000.90
20140.760.010.010.000.78
20130.570.040.010.000.62
20120.590.050.010.000.65
20110.860.080.020.010.97
20101.700.160.060.021.93
20092.720.300.120.043.17
20081.770.160.070.032.02

Marketable production in million standard cubic metres of oil equivalent (Sm³ o.e.), per month from the Norwegian Offshore Directorate, summed per year. Gas in billion Sm³ equals million Sm³ o.e. Figures up to and including July 2026. The conversion to barrels per day uses 1 Sm³ ≈ 6.29 barrels.

Reserves

The Norwegian Offshore Directorate's estimate as of 31 Dec 2025. Originally recoverable is everything the field is expected to produce; remaining is what is left.

Reserves in Volve
ProductOriginally recoverableRemainingUnit
Oil10.170.00million Sm³
Gas0.810.00billion Sm³
NGL0.160.00million tonnes
Condensate0.090.00million Sm³
Total o.e.11.380.00million Sm³ o.e.

According to the estimate, 100 % of the recoverable reserves have been produced.

Licensees

Licensees in Volve, updated by Sodir 27 Jun 2026
CompanyShareValid from
Aker BP ASAAKRBP50.00 %20 Mar 2026
Equinor Energy ASEQNROperator50.00 %20 Mar 2026

Companies on the analysis page link to their own page.

Facilities

The Norwegian Offshore Directorate has no facilities registered on the field.

Sources

Sokkeldirektoratet, the Norwegian Offshore Directorate (FactMaps and FactPages), Norwegian Licence for Open Government Data (NLOD). Field data retrieved 28 Sep 2026, production 27 Sep 2026, licensees and reserves 28 Sep 2026. factpages.sodir.no · NLOD