Lundin Norway has received plan of development and operation (PDO) approval for Phase I for the Johan Sverdrup oil field development in North Sea, offshore Norway.
Go deeper with GlobalData
On 13 February, the wholly owned subsidiary of Lundin Petroleum submitted the PDO to the Norwegian Ministry of Petroleum and Energy. Final confirmation was given following approval by the Norwegian parliament on 18 June.
Phase I of the development is scheduled to be operational in late 2019 and is expected to reach a gross plateau rate of between 315,000 and 380,000 barrels of oil a day.
Johan Sverdrup field is operated by Statoil with 40.0267% working interest, while Lundin Norway holds 22.6%.
The remaining partners are Maersk Oil with 8.44%, Petoro with 17.36% and Det norske oljeselskap with 11.5733% working interest.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSee Also:
Lundin Petroleum said it booked net 2P reserves of 5,151 million barrels of oil equivalents (boe) for the full field development following PDO approval.
The company expects gross 1P and 3P reserves for the full field development to be 1.65 and 3.02 boe respectively. For the development of Phase I, all four topside contracts have been awarded.
EPC type contracts are being awarded to Aibel for a drilling platform and Kværner/KBR for living quarters and utility.
Samsung Heavy Industries secured a fabrication contract for riser platform and processing platform and Aker Solutions was selected for the procurement and engineering of the riser and processing platforms on the field.
