Lundin outlines goals for $810-million Solveig tieback offshore Norway
Lundin Norway has submitted its plan for development and operation for the Solveig oilfield (ex-Luno II) in the central Norwegian North Sea.
Solveig in license PL359, is located 15 km (9.3 mi) south of the company’s Edvard Grieg field center. Under the phase 1 program, Lundin plans a five-well subsea tieback to the Grieg platform (three horizontal oil producers wells and two water injectors), with peak production of 30 MMboe/d following start-up in 1Q 2021.
It estimates a capital outlay of around $810 million with a breakeven below $30/boe. Simultaneous with the development, the company plans an extended well test on the nearby basementRolvsnes oil discovery to take advantage of contracting/implementation synergies.
Solveig Phase 1 will target 57 MMboe of gross proved plus probable reserves. The scope of further phases, designed to encompass upside potential in the discovered resources, will partly depend on production performance from Phase 1.
Lundin has contracted Rosenberg WorleyParsons in Stavanger to modify the Grieg platform facilities and has assignedTechnipFMC the subsea system under a lump-sum EPCI contract. Northern Drilling’s high-spec, dual-capability semisubmersible West Bollsta will drill the wells.
Alex Schneiter, CEO and president of Lundin Petroleum, said the project was part of the company’s strategy of extending the plateau at Edvard Grieg beyond 2021. Lundin’s partners in PL359 (Solveig) and PL338 (Edvard Grieg) are OMV and Wintershall.
The company will also use the semisubLeiv Eiriksson to drill exploration well 16/5-8 S in production license 815 in the central Norwegian North Sea, 11 km (6.8 mi) southeast of the 16/1-28 S well on Rolvsnes, after securing a drilling permit from the Norwegian Petroleum Directorate (NPD).
Operations will start after the rig has completed its current program on well 16/1-31 S.
In addition, the NPD has authorized MOL Norge to use the jackupRowan Viking for exploratory drilling (well 3/7-11 S) in PL 539, which covers parts of block 3/7 and which is close to Norway’s maritime median line with Denmark.
In this case, the well location is 45 km (28 mi) northeast of the Valhall field.