Draupne platform

Lundin Norway and its partners Wintershall Norge and RWE Dea Norge have reached an agreement with Det norske oljeselskap to develop the Luno and Draupne fields in the North Sea.

Lundin Norway, a wholly owned subsidiary of Swedish-based Lundin Petroleum, is the operator of the PL338 licence area that contains the Luno field; while Det norske Oljeselskap is the operator of licences PL001B, PL028B and PL242 in the Draupne field.

Ashley Heppenstall, Lundin Petroleum president and CEO, said: "Lundin Petroleum and our Luno partners will receive a capital contribution and tariff/operating cost share income from the Draupne partners, which will enhance the value of the Luno asset."

Under the coordinated development plan, partially processed fluids from the Draupne field will be transported from the Draupne platform to the Luno platform for stabilisation and export of oil and gas.

The combined production from both the fields will commence in phases, with Draupne production to begin in late 2016 and increasing toward a peak rate in late 2018.

The Luno platform will be able to accommodate in excess of 120,000 barrels a day of crude and up to 175 million cubic feet a day once the Draupne production is combined with that of the Luno field.

Lundin Norway submitted a plan to the Norwegian Ministry of Petroleum and Energy in January this year for development and operation (PDO) of the Luno field.

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.

The Luno field’s first production is expected in the fourth quarter 2015.

Lundin Petroleum owns a 50% percent working interest in the Luno field, while Wintershall and RWE Dea hold a 30% and a 20% interest, respectively.

 

Image: The partially processed fluids from the Draupne field will be transported from the Draupne platform to the Luno platform for stabilisation and export of oil and gas; Photo: courtesy of Det norske Oljeselskap.