Offshore staff
STOCKHOLM, Sweden – Lundin Norway has approval from the Norwegian Parliament of its plan for the Edvard Grieg field development in the North Sea. This will be the company’s first operated stand-alone development project in the Norwegian sector.
Edvard Grieg (ex-Luno) is in license PL338. First production is expected in late 2015, peaking at around 90,000 b/d of oil, and 1.5 MMcm/d (53 MMcf/d) of gas.
The estimated capex, including platform, pipelines, and production wells, is $4 billion. However, the platform eventually will accommodate production from the Det Norske Oljeselskap-operatedDraupne. Combined output from the two fields will be more than 160,000 boe/d.
Main contracts have been issued for the jacket,topside, drilling, and marine installations.
Lundin has a 50% interest in the Edvard Grieg field. Wintershall Norge has 30% and RWE Dea Norge 20%.
6/12/2012
