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Showing posts with label submit. Show all posts
Showing posts with label submit. Show all posts

Monday, August 1, 2011

Lundin, Partners Submit Field Development Plan for Brynhild Field

- Lundin, Partners Submit Field Development Plan for Brynhild Field

Monday, August 01, 2011
Lundin Petroleum AB

Lundin as operator has, with its partners Noreco and Talisman, submitted a plan for development and operation (PDO) for the Brynhild field (formerly called Nemo) to the Norwegian Ministry of Petroleum and Energy. The Brynhild field is an oil field located in the Norwegian sector of the North Sea. First production from the Brynhild field in PL148 is expected in late 2013.

The Brynhild field is located adjacent to the Norwegian – United Kingdom (UK) international border. The PDO includes three wells and pipelines/umbilical tied back to the existing Shell operated Pierce field infrastructure in the UK sector of the North Sea. Brynhild holds 22 million barrels of oil (MMbo) in gross proved and probable reserves with a forecast gross peak production of approximately 12,000 barrels of oil per day (bopd). The oil will be processed and stored on the Pierce floating production, storage and offloading (FPSO) vessel before offshore loading to shuttle tankers.

Lundin Petroleum has a 50 percent working interest in the Brynhild field. Talisman and Noreco hold a 30 percent and a 20 percent interest, respectively.

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Friday, April 1, 2011

Det norske Delays Froy Field Development

Det norske Delays Froy Field Development

Friday, April 01, 2011
Det norske oljeselskap ASA

As a result of the decision made by Det norske, a plan for development and operations (PDO) for the Froy field will not be filed this year, and it has not been decided when such a plan will be submitted.
Froy Platform
Froy Platform

The plan was to submit a PDO in the autumn 2010 with a FPSO concept. However, this was delayed in order to evaluate the possibility of using simultaneous water and gas injection, rather than water injection only as a production strategy. The results from these studies indicated that SWAG only had a marginal impact on project economics.

The Froy field development, where the partnership already in January 2008 decided to push forward with the project, has been delayed several times. These delays have opened new development alternatives, which Det norske finds prudent to explore.

COO Oyvind Bratsberg said that the company has major field developments ahead as an operator, "Det norske will over the coming years develop from a pure exploration company into a exploration, field development and production company. Going forward the company will concentrate its resources on the Draupne field development and smaller developments, such as Jetta. Froy will be developed at a later stage, and possibly with a different development solution."

Froy holds about 60 million barrels of recoverable oil. Det norske is operator for Froy and holds 50 percent. Premier Oil Norge is the only partner in the license with 50 percent.