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OESAAnalysis

Project · LNG

Snøhvit and Hammerfest LNG

The well stream from Snøhvit is piped to the LNG plant at Melkøya near Hammerfest. CO₂ is separated and returned to the field in a separate pipeline for injection. LNG, LPG and condensate are shipped out.

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Marketable production from Snøhvit, last 12 months
7.18 million Sm³ o.e.
Aug 2025–Jul 2026 · Sodir, production · 7 Oct 2026
Gas from Snøhvit, last 12 months
6.17 billion Sm³
Aug 2025–Jul 2026 · Sodir, production · 7 Oct 2026

The chain

From owner to where the CO₂, gas or power ends up. Links without their own label have their source in the column heading.

Licensees Sodir, licensees · 7 Oct 2026
The fieldSodir, production · 7 Oct 2026
PipelinesSodir, pipelines · 7 Oct 2026
The plantSodir, pipeline systems and plants · 7 Oct 2026
Out of the plant
  1. The fieldSnøhvit 7.18 million Sm³ o.e. last 12 moGas 6.17 billion Sm³
    Pipelines
    • Snøhvit Gassrør gas · 28″

    CO₂ back to the field (not a gas route)

    • Melkøya – Snøhvit F CO₂ · 8″ · return from Melkøya
    The plantMelkøya LandanleggEquinor 36.79%, Petoro (SDFI) 30.00%, TotalEnergies 18.40%, Vår Energi 12.00%, Harbour Energy 2.81%
    Out of the plant

    LNG, LPG and condensate are shipped out.

    curated, Sodir 7 Oct 2026

    The receivers are not in the data.

Planned

From the sources

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 the field's production, month by month.

Last 12 months
34.3 NOK bnestimateAug 2025–Jul 2026
July 2026
4.2 NOK bnestimateBrent USD 83.76/bbl · gas EUR 54.0/MWh
Share of the shelf's value
2.91%estimatelast 12 months
Gas in the value
88%estimatelast 12 months

Oil and condensateGasNGL

0246August 2024: NOK 3.2 bn · Oil and condensate 0.35 · Gas 2.8 · NGL 0.11September 2024: NOK 3.0 bn · Oil and condensate 0.32 · Gas 2.6 · NGL 0.11October 2024: NOK 3.4 bn · Oil and condensate 0.34 · Gas 2.9 · NGL 0.11Oct 24November 2024: NOK 3.4 bn · Oil and condensate 0.32 · Gas 3.0 · NGL 0.10December 2024: NOK 3.7 bn · Oil and condensate 0.34 · Gas 3.2 · NGL 0.10January 2025: NOK 1.7 bn · Oil and condensate 0.07 · Gas 1.5 · NGL 0.05Jan 25February 2025: NOK 3.7 bn · Oil and condensate 0.38 · Gas 3.2 · NGL 0.09March 2025: NOK 2.8 bn · Oil and condensate 0.27 · Gas 2.4 · NGL 0.10April 2025: NOK 1.9 bn · Oil and condensate 0.19 · Gas 1.7 · NGL 0.07Apr 25May 2025: NOK −0.01 bn · Gas −0.01June 2025: NOK −0.01 bn · Gas −0.01July 2025: NOK −0.04 bn · Gas −0.04Jul 25August 2025: NOK 1.9 bn · Oil and condensate 0.21 · Gas 1.6 · NGL 0.06September 2025: NOK 2.6 bn · Oil and condensate 0.26 · Gas 2.3 · NGL 0.07October 2025: NOK 2.6 bn · Oil and condensate 0.24 · Gas 2.3 · NGL 0.07Oct 25November 2025: NOK 2.5 bn · Oil and condensate 0.25 · Gas 2.2 · NGL 0.07December 2025: NOK 2.4 bn · Oil and condensate 0.25 · Gas 2.1 · NGL 0.07January 2026: NOK 2.8 bn · Oil and condensate 0.26 · Gas 2.5 · NGL 0.07Jan 26February 2026: NOK 2.4 bn · Oil and condensate 0.24 · Gas 2.1 · NGL 0.07March 2026: NOK 3.9 bn · Oil and condensate 0.38 · Gas 3.5 · NGL 0.07April 2026: NOK 3.6 bn · Oil and condensate 0.43 · Gas 3.0 · NGL 0.12Apr 26May 2026: NOK 2.7 bn · Oil and condensate 0.13 · Gas 2.5 · NGL 0.10June 2026: NOK 2.8 bn · Oil and condensate 0.27 · Gas 2.4 · NGL 0.08July 2026: NOK 4.2 bn · Oil and condensate 0.31 · Gas 3.8 · NGL 0.08Jul 264.2
Show as table
Estimated sales value per month (NOK bn)
MonthOil and condensateGasNGLTotal (NOK bn)
Jul 20260.313.80.084.2
Jun 20260.272.40.082.8
May 20260.132.50.102.7
Apr 20260.433.00.123.6
Mar 20260.383.50.073.9
Feb 20260.242.10.072.4
Jan 20260.262.50.072.8
Dec 20250.252.10.072.4
Nov 20250.252.20.072.5
Oct 20250.242.30.072.6
Sep 20250.262.30.072.6
Aug 20250.211.60.061.9
Jul 20250.00−0.040.00−0.04
Jun 20250.00−0.010.00−0.01
May 20250.00−0.010.00−0.01
Apr 20250.191.70.071.9
Mar 20250.272.40.102.8
Feb 20250.383.20.093.7
Jan 20250.071.50.051.7
Dec 20240.343.20.103.7
Nov 20240.323.00.103.4
Oct 20240.342.90.113.4
Sep 20240.322.60.113.0
Aug 20240.352.80.113.2

The gas from the field goes to the Melkøya LNG plant and is sold as LNG, but is priced here as pipeline gas in Europe (TTF).

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.

Sources: Norwegian Offshore Directorate, marketable production per field and month, 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. 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.