Lundin Energy AB has increased its 2021 production guidance to 180,000-195,000 boe/d from the original guidance of 170,000-190,000 boe/d based on better-than-expected production performance.
Production year to date (to end May 2021) is 185,000 boe/d, above the mid-point of the original guidance range, driven by production efficiency across all assets, an earlier than forecast increased plateau rate of 535,000 b/d of oil gross at Johan Sverdrup Phase 1, and additional capacity available at Edvard Grieg field.
The additional facilities capacity at Edvard Grieg is due to Ivar Aasen field not utilizing contractual capacity, which is expected to continue for the remainder of the year.
