Lundin's Solveig PDO includes five satellite wells in North Sea
STAVANGER -- The Norwegian Petroleum Directorate has received the Plan for Development and Operation (PDO) for the Solveig oil discovery in the North Sea.
The field will be developed with five satellite wells tied in to the Edvard Grieg installation.
Solveig (previously called Luno II) is located south of Edvard Grieg, and west of the Johan Sverdrup field, about 112 mi (180 km) west of Stavanger. The total recoverable reserves from Solveig are estimated at approx. 57 MMboe, mainly oil, but also some gas.
This will be produced with five wells, three producers and two to inject water for pressure support.
The oil will be exported via Edvard Grieg and onward by pipeline to the Sture terminal in Hordaland County. The gas will be exported to the United Kingdom.
Total investments for the Solveig development are $740 million (NOK 6.4 billion). Start-up is planned in the first quarter of 2021.
Solveig is located in production license 359, which was awarded in APA 2006. Lundin is the operator (65%) and the other licensees are OMV (20%) and Wintershall (15%).
