The development plan for Grieg, formerly the Luno field, has been approved by Norway’s Ministry of Petroleum and Energy, so enabling operator Lundin Petroleum to press on with its development.
This is the first of a number of developments on the horizon for the Utsira High area, including the Draupne and the massive Johan Sverdrup fields, with a combined recoverable resource of some 2.8billion barrels oil equivalent.
Grieg will be developed in conjunction with the Draupne field operated by DNO. Estimated capex is $4billion-plus and Aker Solutions already holds the FEED (front-end engineering and design) contract with DNO covering Draupne.
Lundin and DNO are currently working together to devise an optimal plan for the dual project, but it will be based on the approved plan for the Grieg field, which includes 15 wells on Grieg and export pipelines from both Grieg and Draupne tied to a fixed production platform, with power provided from shore.
The platform is to have a designed capacity of 120,000 barrels of oil and 175million cu.ft. per day of natural gas. First production is expected in early 2015.
Grieg was discovered in 2007 and contains some 186million boe, according to Lundin and peak production from the field is expected to be 90,000 boe per day.
The Edvard Grieg field was discovered in 2007 and is situated 180 kilometres west of Stavanger – where Norwegian oil giant Statoil ASA (STO) has its main office.