Lundin Petroleum said first oil from the Boyla field has been achieved.
The company commenced production, which is located on PL340 in the Norwegian sector of the North Sea, this month.
The Boyla field is a susbsea tie-back to the Alvheim field, where Lundin has a 15% non-operated interest.
Ashley Heppenstall, chief executive of Lundin Petroleum, said: “With the successful start-up of the Bøyla field on the 19th January 2015 Lundin Petroleum has now successfully brought onstream two of the four development projects which collectively are forecast to bring Lundin Petroleum’s production level to more than 75,000 boepd by the end of 2015.
“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.”
The Boyla field is estimated to contain gross reserves of 23million barrels of oil equivalent and is expected to produce at a gross peak rate of approximately 20,000 barrels of oil per day once the second production well has been completed.
Lundin said the drilling operations on the second production well were suspended late last year.
The Transocean Winner semi-submersible rig will return to complete the well during the second quarter of 2015 with start-up of the well expected in the middle of the year.
Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum, has a 15% interest in PL340.
Det norske oljeselskap ASA is the operator of PL340 and has a 65% interest and Core Energy AS has a 20% interest.
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