Discovered in 2007, the Edvard Grieg field is estimated to hold gross 2P reserves of 187 million barrels of oil equivalents and has been developed with a steel jacket platform resting on the seabed.
The oil produced from the field will be transported to the Sture terminal on the west coast of Norway through the Grane pipeline while the produced gas will be transported to St. Fergus in Scotland via a separate pipeline system.
Lundin Norway managing director Kristin Færøvik said: "The project execution capabilities proven by this delivery, coupled with the ingenuity of our exploration team, provide a hugely exciting platform for further growth in Norway."
The partners plan to use the Rowan Viking jack-up rig for development drilling at the field which is scheduled to commence soon and expected to continue through 2018.
A total of ten production wells and four water injection wells will be drilled by the partners at the field. Plateau production is expected during the second half of 2016.
Additionally, the Edvard Grieg will receive oil and gas from the neighbouring Ivar Aasen field for further processing.
Lundin Petroleum subsidiary Lundin Norway operates PL338 with a 50% stake while OMV Norge has 20% interest. Other partners include Statoil and Wintershall Norge each with 15% interest.
Wintershall Norge managing director Bernd Schrimpf said: "This is an important landmark for us as we focus on bringing our own discoveries such as Maria and Skarfjell to production in the coming years."
Image: The Edvard Grieg field is estimated to hold gross 2P reserves of 187 million barrels of oil equivalents. Photo: courtesy of Wintershall Holding GmbH.
