Lundin Norway, a unit of Lundin Petroleum, and its partners Wintershall and RWE Dea, has submitted a plan for development and operation (PDO) to the Norwegian Ministry of Petroleum and Energy for the Luno oilfield in the Norwegian sector of the North Sea.
The Luno development is estimated to cost $4bn. It comprises the Luno and Tellus discoveries and is estimated to hold 186 million barrels of oil equivalent gross proven and probable resources. The PDO includes 15 wells drilled from a jack-up rig, a processing platform on a jacket structure and export pipelines tied back to existing infrastructure.
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First production from the field in production licence 338 is scheduled in late 2015, with a peak output forecast at 90,000bpd. Oil will be processed and transported through the Grane oil pipeline to the Sture terminal for sale. The field will be initially prepared for electrification from shore when the onshore generating capacity and technical solutions are available.
The Luno platform will have a design capacity of 120,000 barrels of oil per day to accommodate output from the Draupne field. Lundin Petroleum is in negotiations with Det Norske Oljeselskap about a coordinated development solution for the Luno and Draupne fields located in PL001B.
Lundin awarded a letter of intent to Norwegian contractor Kvaerner for engineering, procurement and construction for the Luno platform. A second contract was given to US rig contractor Rowan to provide a jack-up unit to drill the Luno development wells. Contracts for the topside and marine installations will be awarded soon.
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Lundin Petroleum holds a 50% working interest in the Luno field and is its operator, while Wintershall and RWE Dea hold 30% and 20%, respectively.
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