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North Basin Offshore Field
Oil
North Basin Offshore Field
Norway · Europe 2021 – 2038
Deep-water production platform with tie-back infrastructure serving three satellite reservoirs.
Funding statusOperational
$480Mof $480M
100% allocated
- Investors
- 1,840
- Minimum ticket
- Closed
- Total capacity
- $480M
- Allocation closes
- Fully subscribed
Key metrics
Gross capacity
82,000 boe/d
Reserve life
17 years
Operating margin
41%
Working interest
34%
Project overview
North Basin is a producing deep-water asset on the Norwegian continental shelf, combining a fixed production platform with three satellite reservoirs delivered through subsea tie-backs.
The field operates under a long-term concession with an established offtake agreement and a proven reservoir profile, giving the mandate a stable, cash-generative character.
Investment highlights
- Producing asset with audited reserve certification
- Long-term offtake with investment-grade counterparty
- Decommissioning liability pre-funded in escrow
Delivery timeline
2021
First oil
Platform commissioned and brought online.
2023
Satellite A tie-back
First satellite reservoir connected.
2026
Satellite B & C
Second phase tie-back campaign underway.
2038
Field abandonment
Decommissioning provision fully funded.