Lundin proposes Pierce tieback for Brynhild oil field in the North Sea

Offshore staff

STOCKHOLM, Sweden – Lundin Norway has submitted a development plan for the 22 MMbbl Brynhild (ex-Nemo) oil field in the Norwegian North Sea.

The plan calls for Brynhild, in license PL 148 close to the UK/Norwegian median line, to tieback to the Shell-operated Pierce field infrastructure on the UK side via three wells, pipelines, and an umbilical. First oil is due in late 2013.

At peak, Brynhild should deliver 12,000 b/d which will be processed and stored on the Pierce FPSO for offload to shuttle tankers.

Lundin Petroleum has a 50% in the field, in partnership with Talisman Energy (30%) and Noreco (20%).

Noreco also has an option agreement giving it the right to sell its interest in the license PL148 to another party. The option expires this fall - Noreco says it will evaluate its position in the development over the next few months before deciding whether to commit to the project or sell its interest.

08/02/2011



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