Deals - Joint Ventures | Field Development | Offshore
Lundin, Partners Talk Plans for Solveig Field Development Offshore Norway
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Lundin Petroleum and its partners, Wintershall Norge AS and OMV Norge AS, submitted the plan for development and operation (PDO) for the Solveig field (previously called Luno II).
The Solveig oil discovery in PL359, is located 15 km south of the Edvard Grieg field and will be developed via a subsea tie-back to the Edvard Grieg platform, involving five development wells with gross peak production of 30 Mboepd and is anticipated to start up in the first quarter of 2021.
The capital cost of the Solveig development is estimated at USD 810 million gross(USD 527 million net to Lundin) and with a breakeven below USD 30 per boe.
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