|
Norway |
|
|
Norway is the principal area of operation for Lundin Petroleum.
With estimated resources between 1.7 and 3.3 billion barrels of oil, the giant Avaldsnes/Aldous discovery is the largest find on the NCS since the mid-eighties.
|
|
|
A New Giant in Norway
In September 2010 an exploration well on the Avaldsnes prospect in PL501 (WI 40%), located 25 km east of the Luno field, resulted in a giant oil discovery. A further large discovery was made on the same structure in the neighbouring PL265 (WI 10%) on the Aldous Major South prospect. Following an appraisal drilling programme, the Avaldsnes/Aldous structure is estimated to contain between 1.7-3.3 billion boe of gross recoverable resources making it the largest discovery on the NCS since the mid-eighties. Appraisal and exploration activities during 2012 will further prove up the Avaldsnes/Aldous area.
Production
The Alvheim field during 2010 produced on average 12,900 boepd net to Lundin Petroleum. Gross ultimate recoverable reserves increased to 246 MMboe. Phase 1 of the Alvheim project has been successfully completed and Phase 2 which involves the drilling of three additional multi-lateral wells is expected to be completed in 2011. There is further potential in the greater Alvheim area from existing discoveries and from exploration.
The Volund field is located to the south of Alvheim and is a sub-sea tieback to the Alvheim FPSO. The field came on stream in May 2010 and gross plateau production is expected to be over 25,000 boepd.
Development
The Luno prospect in licence PL338 was successfully drilled as an oil discovery in late 2007. After appraisal drilling, gross 2P reserves were certified at 95 MMboe and later increased to 149 MMboe. Conceptual development studies are ongoing to select a development concept with a development plan submission scheduled for 2011. The Tellus discovery made in 2011 will be included in the Luno development plan. A further discovery was made during 2009 on the Luno South prospect.
The PDO for the development of the Gaupe field (PL292) was approved in June 2010 as a two well subsea tie-back to the Armada platform located in the UK. Gaupe is expected to come on stream at the end of 2011. The Brynhild field(PL148) PDO received approval in November 2011.The development of Brynhild will be a three well subsea tie-back to the Pierce FPSO located in the United Kingdom. A further subsea tie-back project,the Bøyla field in PL340, is in the development pipeline.
Exploration
Further discoveries have been made in Norway on the Apollo, Caterpillar and Skalle prospects.
Lundin Petroleum has an active ongoing exploration/appraisal programme in Norway. A total of 14 wells are scheduled to be drilled in 2012.
|
Norway licences - December 2011
| LICENCE |
LICENCE TYPE |
LUNDIN INTEREST |
OPERATOR |
PARTNER |
| Greater Alvheim Area (GAA) |
| Alvheim (PL203,036c,088bs) |
Production
Exploration |
15% |
Marathon |
Marathon 65%,
Norske ConocoPhilips 20% |
| Volund (PL150) |
Production
Exploration |
35% |
Marathon |
Marathon 65% |
| PL088 (Peik) |
Exploration |
50% |
Lundin Petroleum |
Centrica 50% |
| PL150b |
Exploration |
35% |
Marathon |
Marathon 65% |
| PL340 (Bøyla) |
Exploration |
15% |
Marathon |
Marathon 65%,
Norske ConocoPhillips AS 20% |
| PL340bs (Caterpillar) |
Exploration |
15% |
Marathon |
Marathon 65%,
Norske ConocoPhillips AS 20% |
| PL505 |
Exploration |
30% |
Marathon |
Marathon 35%, VNG Norge 20%,
Maersk 15% |
| PL505bs |
Exploration |
30% |
Marathon |
Marathon 35%, VNG Norge 20%,
Maersk 15% |
| PL546 |
Exploration |
60% |
Lundin Petroleum |
Bayerngas Norge 40% |
| PL547s |
Exploration |
30% |
Marathon |
Marathon 40%, VNG Norge 20%,
GDF Suez 10% |
| PL570 |
Exploration |
60% |
VNG Norge |
VNG Norge 40%, Marathon 20%,
Maersk 10% |
| Greater Luno Area (GLA) |
| PL167 & PL167b |
Exploration |
20% |
Statoil ASA |
Statoil ASA 80% |
| PL265 (Aldous) |
Exploration |
10% |
Statoil ASA |
Statoil ASA 40%, Petoro AS 30%,
Det Norske Oljeselskap 20% |
| PL338 (Luno, Tellus, Apollo) |
Exploration |
50% |
Lundin Petroleum |
Wintershall 30%,
RWE Dea Norge AS 20% |
| PL359 |
Exploration |
40% |
Lundin Petroleum |
Premier 30%, Statoil ASA 30% |
| PL409 |
Exploration |
70% |
Lundin Petroleum |
Statoil ASA 10%,
Bayerngas Norge 20% |
| PL410 |
Exploration |
70% |
Lundin Petroleum |
StatoilHydro 30%
|
| PL501 (Avaldsnes) |
Exploration |
40% |
Lundin Petroleum |
Statoil ASA 40%, Maersk 20% |
| PL501b |
Exploration |
40% |
Lundin Petroleum |
Statoil ASA 40%, Maersk 20% |
| PL544 |
Exploration |
70% |
Lundin Petroleum |
Bayerngas Norge 30% |
| Barents Sea Area |
| PL438 |
Exploration |
25% |
Lundin Petroleum |
RWE-Dea 20%, Petoro 20%,
Spring Energy 17.5%,
Det Norske Oljeselskap 10%
Talisman 7.5% |
| PL490 |
Exploration |
60% |
Lundin Petroleum |
Noreco 20%, Spring Energy 20% |
| PL492 |
Exploration |
30% |
Lundin Petroleum |
RWE Dea 30%, Talisman 10%,
Det Norske Oljeselskap 30%, |
| PL533 |
Exploration |
20% |
ENI |
ENI 40%, RWE Dea 20%,
Det Norske Oljeselskap 20%, |
| PL563 |
Exploration |
40% |
Lundin Petroleum |
Det Norske Oljeselskap 30%,
Noreco 20%, Talisman 10% |
| PL609 |
Exploration |
40% |
Lundin Petroleum |
RWE Dea Norge AS 30%,
Idemitsu Petroleum Norge AS 30% |
| Quadrant 8 Area |
| PL006c (SE Tor) |
Exploration |
75% |
Lundin Petroleum |
Noreco 15%, Faroe 10% |
| PL148 (Brynhild) |
Development |
70% |
Lundin Petroleum |
Talisman 30% |
| PL292 (Gaupe) |
Development
Exploration |
40% |
BG Group |
BG Group 60% |
| PL292b |
Exploration |
40% |
BG Group |
BG Group 60% |
| PL301 |
Exploration |
40% |
Lundin Petroleum |
Skeie Energy AS 60% |
| PL301d |
Exploration |
40% |
Lundin Petroleum |
Skeie Energy AS 60% |
| PL440s |
Exploration |
18% |
Faroe Petroleum |
Faroe Petroleum 40%,
Dana 20%, Noreco 12%,
Det Norske Oljeselskap 10% |
| PL453s |
Exploration |
35% |
Lundin Petroleum |
Det Norske Oljeselskap 25%,
Noreco 25%, VNG Norge 15% |
| PL495 |
Exploration |
60% |
Lundin Petroleum |
Spring 40% |
| Møre Basin Area |
| PL519 |
Exploration |
40% |
Lundin Petroleum |
Bayerngas Norge 20%, Noreco 20%,
Spring Energy 20% |
| PL555 |
Exploration |
60% |
Lundin Petroleum |
Bayerngas Norge 40% |
| PL579 |
Exploration |
50% |
Lundin Petroleum |
Bayerngas Norge 50% |
| Other |
| PL330 |
Exploration |
30% |
RWE Dea Norge AS |
RWE Dea Norge AS 40%,
Marathon 30% |
| PL575 |
Exploration |
50% |
Wintershall |
Wintershall 50% |
| PL576 |
Exploration |
60% |
Lundin Petroleum |
Concedo 40% |
| PL583 |
Exploration |
20% |
Spring Energy |
Spring Energy 30%,
Svenska Petroleum Exp 25%,
Bayerngas Norge 25% |
| PL584 |
Exploration |
60% |
Lundin Petroleum |
Bayerngas Norge 40% |
|
|
 |
|
|
|
