Lundin to acquire Talisman's Brynhild stake
Lundin Petroleum AB has entered an agreement to acquire the 30% interest it doesn’t own in Brynhild oil field under development in the North Sea offshore Norway (OGJ Online, Nov. 11, 2011).
Subject to approvals, the company will raise its interest in Production License 148 to 100% by acquiring the 30% interest held by Talisman Energy Norge AS.
Lundin Norway AS has received approval to develop the field with three subsea wells in about 80 m of water tied back to Shell’s Pierce floating production, storage, and offloading vessel in the UK sector.
It expects production to start in 2012 and reach a plateau rate of 12,000 b/d of oil.