Lundin Petroleum has an agreement with Noreco to acquire an additional 20% interest in the Norwegian North Sea license PL148 containing the Brynhild field.
Offshore staff
OSLO, Norway – Lundin Petroleum has an agreement with Noreco to acquire an additional 20% interest in the Norwegian North Sea license PL148 containing the Brynhild field.
Following closure of the transaction, Lundin will have a 70% stake.
Earlier this month the Norwegian government approved the development plan for Brynhild, which should deliver first oil in late-2013, building to a plateau rate of 12,000 b/d.
