A unit of Lundin Petroleum AB submitted a development and operation plan for the Brynhild oil field (formerly called Nemo) to the Norwegian Ministry of Petroleum and Energy.
The Brynhild field, discovered in 1992, is in about 80 m of water on the Norwegian North Sea production license 148, Block 7/7, adjacent to the Norwegian-UK border.
Lundin expects first production in late 2013.
The plan includes three wells and pipelines-umbilical tied back to the existing Shell operated Pierce field floating production, storage, and offloading vessel in the UK North Sea.
Lundin estimates that Brynhild holds 22 million bbl of proved and probable reserves and forecasts a peak production of about 12,000 bo/d.
Operator Lundin Norway AS has a 50% working interest. Partners are Talisman Energy Norge AS 30% and Noreco ASA 20%.