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
 -  Japan's NYK Completes Acquisition of 2... (Sep 30)
 -  Keppel FELS Delivers Floatel Triumph, ... (Sep 30)
 -  Falcon Updates on Drilling Ops at Amun... (Sep 30)
 -  MISC's MaMPU1 to Commence Ops at Vesti... (Sep 30)
 -  Det Norske Completes Merger with BP No... (Sep 30)


Most Popular Articles

From the Career Center
Jobs that may interest you
Field Operations Manager II
Expertise: Logistics Management
Location: Hughesville, PA
 
Contract Transfer Reviewer/ Approver (Land/Lease Contracts)
Expertise: Landman|Lease Analyst
Location: Houston, TX
 
Quality Assurance Manager
Expertise: QA / QC / Inspection|Regulatory Compliance|Reliability Engineer
Location: Philadelphia, PA
 
search for more jobs

Brent Crude Oil : $49.24/BBL 1.12%
Light Crude Oil : $47.83/BBL 1.65%
Natural Gas : $2.959/MMBtu 0.23%
Updated in last 24 hours