Lundin begins first production from Brynhild field offshore Norway

Lundin Petroleum AB reports that first oil from the Brynhild field offshore Norway has been achieved. The field began production Dec. 25.

Located on PL148 in the Norwegian sector of the North Sea, the Brynhild field is a subsea tieback to the Pierce field, operated by Enterprise Oil Ltd. (a subsidiary of Shell UK Ltd.), in the UK sector.

The Brynhild field is estimated to contain gross reserves of 23.1 million barrels of oil equivalents and production is currently in excess of the forecast gross plateau rate of 12,000 barrels of oil per day. Drilling of the third development well is ongoing, and the fourth and final development well will be completed in 2015.

The Brynhild field is the first of Lundin Petroleum’s four development projects that are scheduled to come onstream over the next four quarters and which, by the end of 2015, are forecast to increase Lundin Petroleum’s production level to more than 75,000 barrels of oil equivalent per day.

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum, is the operator of PL148 with a 90% interest. The partner is Talisman Energy Norge, with a 10% interest.

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