Lundin Petroleum has achieved first oil from the Det norske oljeselskap ASA-operated Bøyla field in the Norwegian sector of the North Sea, bringing online two of its four development projects designed to boost its production significantly by year’s end.
Production at the field, located on PL340, commenced on 19 January, with the field acting as a subsea tieback to the Alvheim field where Lundin has a 15 per cent non-operating interest.
The field is estimated to contain 23 million barrels of oil equivalent at peak flow will produce about 20,000 barrels of oil equivalent per day (boepd) once the second production well has been completed, though the plateau rate will be “somewhat lower”.
The drilling operations on the second production well were suspended in late 2014 and the Transocean Winner semi-submersible rig will return to complete the well during the second quarter of 2015 with startup of the well expected by mid-year 2015.
Chief executive Ashley Heppenstall said the project would contribute to boosting Lundin’s production to 75,000 boepd.
“The two ongoing development projects, Bertam offshore Malaysia and Edvard Grieg offshore Norway, continue to progress according to plan and are scheduled to achieve first oil in the second and fourth quarters of 2015 respectively,” Mr Heppenstall said.