Nemo moving closer to development

Various development concepts and export routes are under evaluation for Lundin Norway’s Nemo discovery in the Norwegian North Sea, according to partner Noreco.

Offshore staff

STAVANGER -- Various development concepts and export routes are under evaluation for Lundin Norway’s Nemo discovery in the Norwegian North Sea, according to partner Noreco.

The program includes feasibility studies and negotiations for the commercial framework for tieback solutions. The aim is to select a concept by mid-year for the field, in license PL 148, followed by submission of a development plan later in the year, leading potentially to a production start in 2012.

Noreco is a partner in DONG’s current development of the Oselvar field in the same sector, which involves tying back three subsea wells to BP’s Ula processing platform where the oil and gas will be processed for export via the Ekofisk trunkline system. Work on the project is progressing as planned, with start-up expected in the second half of 2011.

In the Danish sector, Noreco also partners DONG on the Siri area developments. Production has been lower than expected of late following the start-up of Nini East.

Noreco says the gas handling capacity on the Siri platform is not sufficient at present to handle the full capacity of the wells in the Siri area, so the partners are reviewing alternative methods for increasing production volumes.

4/29/2010

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