OSLO, May 12 (Reuters) – The amount of oil and gas estimated to be in place at the Edvard Grieg oilfield in the North Sea is unlikely to change after a recent round of drilling, Swedish oil firm Lundin Petroleum said on Monday.
"At this stage I expect the impact on Edvard Grieg resources to be neutral with upside remaining from the conglomeratic reservoir," Chief Executive Ashley Heppenstall said in a statement.
The field has estimated gross reserves of 185 million barrels of oil equivalent.
Lundin Petroleum is the operator of Edvard Grieg and has a stake of 50 percent. Austria's OMV has a stake of 20 percent, Statoil holds 15 percent and Germany's Wintershall, a unit of chemicals giant BASF, has 15 percent.
(Reporting by Gwladys Fouche, editing by Balazs Koranyi)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add 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.
Most Popular Articles