Knarr has been developed with a subsea production template and an injection template that are tied back to the FPSO, which is leased from Teekay Corp. and is moored approximately 120 km (75 mi) off the Norwegian coast. It has a production capacity of 63,000 boe/d and a storage capacity of 800,000 bbl.
New exploration drilling in the license area is ongoing, in order to help extend the production life further.
BG Group is the operator of the field with a 45% working interest. Partners include Idemitsu Petroleum Norge (25%), Wintershall Norge (20%), and DEA Norge AS (10%).