Lundin Petroleum and partners Wintershall Norge AS and OMV Norge AS have submitted plans to develop the $810 million Solveig Field as a subsea tieback to the Lundin-operated Edvard Grieg platform in the North Sea offshore Norway.
“With first oil scheduled for early 2021, Solveig will be the first subsea tieback development in the Greater Edvard Grieg Area and is a realization of our strategy of tying back high margin barrels to our operated facilities, as we focus on extending the plateau at Edvard Grieg beyond 2021,” Lundin Petroleum CEO Alex Schneiter said in a company statement.
The development, formerly called Luno II, is one of several in the Utsira High area of the North Sea. The mature province has been resurrected in recent years with play concepts targeting basement rocks and Jurassic reservoirs. The area is home to the Equinor-operated Johan Sverdrup Field, Lundin’s Edvard Grieg, Aker BP’s Ivar Aasen and Equinor’s Lille Prinsen farther north.
Lundin subsidiary Lundin Norway is the operator of Solveig, which was proved in 2013.
Plans for the first phase of development for the field, located in production license 359, include drilling three horizontal oil production wells and two water injection wells.
From the Edvard Grieg platform, oil will travel via pipeline to the Sture terminal in Hordaland County, while gas will be exported to the U.K., according to the Norwegian Petroleum Directorate.
The partners are targeting some 57 million barrels of oil equivalent (MMboe) of proved plus probable reserves, according to Lundin. The company put the breakeven cost for the project at less than $30 per barrel of oil equivalent.
“The potential for further phases of development, which will capture the upside potential in the discovered resources, will be derisked by production performance from phase 1,” Lundin said in the release.
The company plans to carry out the Rolvsnes extended well test project. The Rolvsnes discovery, located about 3 km south of the Edvard Grieg platform on the Utsira High, has estimated gross resources between 14 MMboe and 79 MMboe.
In January, when Lundin announced an agreement with to purchase all of Lime Petroleum’s Utsira High assets, Lundin said it would conduct the Rolvsnes test in 2021 to improve its understanding of the reservoir.
RELATED: Lundin Petroleum Boosts Utsira High Position In Norwegian Continental Shelf
By implementing Solveig and the Rolvsnes test together, Lundin hopes to benefit from contracting and implementation synergies, the company said.
So far, a contract for the Solveig project has been awarded to Rosenberg WorleyParsons for modification of the Edvard Grieg field facilities. Currently, the Edward Grieg platform processes hydrocarbons from its own field and Ivar Aasen. The contract will enable the platform to handle resources from the Solveig and Rolvsnes fields.
TechnipFMC also landed a lump sum engineering, procurement, construction and installation contract for the development’s subsea system. Lundin said it will use the West Bollsta semisubmersible rig to carry out drilling work.
Velda Addison can be reached at vaddison@hartenergy.com.
Recommended Reading
McKinsey: Big GHG Mitigation Opportunities for Upstream Sector
2024-11-22 - Consulting firm McKinsey & Co. says a cooperative effort of upstream oil and gas companies could reduce the world’s emissions by 4% by 2030.
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
2024-11-22 - The oil and gas rig count fell by one to 583 in the week to Nov. 22, the lowest since early September. Baker Hughes said that puts the total rig count down 39, or 6% below this time last year.
Water Management Called ‘Massive Headwind’ for Permian Operators
2024-11-21 - Amanda Brock, CEO of Aris Water Solutions, says multiple answers will be needed to solve the growing amounts of produced water generated by fracking.
Coterra Takes Harkey Sand ‘Row’ Show on the Road
2024-11-20 - With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
Suriname's Staatsolie Says Exxon has Withdrawn from Offshore Block
2024-11-20 - Suriname's state-run oil company Staatsolie said on Nov. 20 that U.S. oil giant Exxon Mobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&P will take over its 50% stake.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.