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Lundin: Size of N.Sea Edvard Grieg Field Seen Steady

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Reuters

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 2014 Thomson Reuters. Click for Restrictions.

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