Lundin Energy Norway AS produced first oil from Solveig field, 15 km south of Edvard Grieg in North Sea production license (PL) 359, on Sept. 30, 2021 (OGJ Online, Sept. 2, 2021).
Solveig Phase 1 development consists of a five well subsea tie-back to the Edvard Grieg platform with gross proved plus probable (2P) reserves of 57 MMboe and gross peak plateau production of 30,000 boe/d. The field will extend plateau production at Edvard Grieg, which has already been extended by 5 years to end 2023.
First oil has been delivered on schedule and in line with the budget estimate of $810 million gross. Breakeven oil price is below $20/boe.
Lundin Energy is operator of both PL359 (Solveig) and PL338 (Edvard Grieg) (65%) with partners OMV (Norge) AS (20%) and Wintershall Dea Norge AS (15%).