Solveig development off Norway approved

Lundin Norway AS expects production to begin in the first quarter of 2021 from Solveig oil field in the Norwegian North Sea. It will be first field tied back to Lundin’s Edvard Grieg platform 15 km north.

Lundin Norway AS expects production to begin in the first quarter of 2021 from Solveig oil field in the Norwegian North Sea.

It will be first field tied back to Lundin’s Edvard Grieg platform 15 km north.

Gross peak production from the first phase of Solveig development will be 30,000 boe/d of oil and gas.

The Norwegian Petroleum Directorate has approved development with three horizontal oil production wells and two water injection wells.

Lundin estimates first-phase capital cost at $810 million, $527 million net to Lundin, with a break-even price below $30/boe (OGJ Online, Mar. 27, 2019).

Lundin, the operator, has a 65% working interest. Other interests are OMV, 20%, and Wintershall DEA, 15%.

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