Lundin Norway AS and its partners have submitted a plan for development and operation (PDO) of Solveig field to the Norwegian Ministry of Petroleum and Energy, Lundin Petroleum AB reported. Previously, Solveig was known as Luno II field.
During 2018, Lundin acquired Equinor’s 15% interest in PL359, aligning ownership interests of PL359 (Solveig) and PL338 (Edvard Grieg) licenses.
Lundin operates both licenses with 65% working interest. Partners are OMV 20% and Wintershall 15%.
The Solveig oil discovery, on PL359, is 15 km south of Edvard Grieg field. Plans call for Solveig to be developed via a subsea tie-back to the Edvard Grieg platform (OGJ Online, Jan. 30, 2019).
Solveig is scheduled to come on stream during the first quarter of 2021. Development costs are estimated at $810 million of which Lundin’s share is $527 million. Plans call for a breakeven below $30/boe. Additional phases could be considered following Phase 1 completion.
A Rolvsnes extended well test will be developed in parallel with Solveig’s Phase 1 development.
Solveig Phase 1 contains an estimated 57 million boe of gross proved plus probable reserves, with 37 million boe net to Lundin. Plans call for three horizontal oil wells and two water injection wells.
Lundin Norway let a contract to Rosenberg WorleyParsons to modify the Edvard Grieg field infrastructure. For the subsea system, Lundin Norway let TechnipFMC a lump sum engineering, procurement, construction and installation contract.
Earlier this year, Northern Drilling received a contract for its West Bollsta harsh-environment newbuild semisubmersible to handle the drilling for Lundin Petroleum in Solveig.