Volund development sees first oil

Production has begun from the Volund development offshore Norway, according to operator Marathon Petroleum and its partners.

Offshore staff

STAVANGER, Norway -- Production has begun from the Volund development offshore Norway, according to operator Marathon Petroleum and its partners. Volund is the second tie-back to the FPSO Alvheim.

Current oil production from the FPSO is approximately 140,000 b/d, which is about 20,000 b/d greater than nameplate capacity. The first Volund well is functioning as a swing producer until there is some natural decline in the Alvheim fields, likely by the middle of 2010.

The Volund field, in block 24/9, is expected to reach peak oil production of approximately 25,000 b/d of oil.

09/16/2009

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