Norway Approves Boyla Field

Swedish oil and gas firm Lundin Petroleum announced Friday that it has received approval from Norway's Ministry of Petroleum and Energy for its plans to develop the Bøyla field in the Norwegian North Sea on production license 340. First production from Bøyla is expected in the fourth quarter 2014.

Located some 17 miles south of Marathon Oil's Alvheim field, the Bøyla field will employ a development solution that involves a subsea tie-back to the Alvheim floating production, storage and offloading (FPSO) vessel.

Bøyla's gross reserves are approximately 21 million barrels of oil equivalent with gross peak production of 19,000 barrels per day.

Lundin Petroleum has a 15-percent working interest in Bøyla. Its partners in the field include Marathon (operator), which has a 65-percent interest, and Conoco Philips Skandinavia (20 percent).
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Tower Resources Director Retires (Feb 5)
 -  Petsec Energy Acquires 100% Stake in D... (Feb 5)
 -  BG Group's Earnings Drop (Feb 5)
 -  Wood Mac: Producers Continue to Run Lo... (Feb 5)
 -  Greka Warns of Cost Base Reduction in ... (Feb 5)


Most Popular Articles

From the Career Center
Jobs that may interest you
Reservoir Engineer - Oil & Gas Sector
Expertise: Reservoir Engineering
Location: San Antonio, TX
 
Piping Designer (Professional Services Group)
Expertise: CAD / CAM|Drafting|Legal|Mechanic|Modeling
Location: Los Angeles, CA
 
Director Acquisitions & Divestitures, Houston, Texas Area
Expertise: Petroleum Engineering|Production Engineering|Reservoir Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $34.06/BBL 1.16%
Light Crude Oil : $30.89/BBL 2.61%
Natural Gas : $2.06/MMBtu 4.56%
Updated in last 24 hours