Wintershall announced Monday that the Lundin-operated Edvard Grieg oil field, located in the Norwegian North Sea, has begun production.
This is second development with Wintershall participation to be brought into production in Norway in 2015. In March, the Knarr Floating Production, Storage and Offloading unit operated by BG Group began producing in the North Sea. Situated around 110 miles west of Stavanger in the Utsira High Area of the North Sea, Edvard Grieg is estimated to hold reserves of 187 million barrels of oil equivalent.
Bernd Schrimpf, managing director of Wintershall Norge, commented in a company statement:
“With the start of production of the Edvard Grieg field, Wintershall has shown once again that we are a major player on the Norwegian Continental Shelf. While adding to our total production in Norway, we have helped, alongside the operator and our other partners, to bring an important regional project to production on time and to budget. This is an important landmark for us as we focus on bringing our own discoveries such as Maria and Skarfjell to production in the coming years.”
Since 2012, Wintershall’s production in Norway has risen from around 3,000 barrel of oil equivalent per day to more than 60,000 barrels of oil equivalent per day. Lundin holds a 50 percent interest in the Edvard Grieg license, OMV holds a 20 percent interest and Statoil and Wintershall each hold a 15 percent interest.
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