Lundin Hits North Sea Grieg Field Oil

Posted by George Backwell May 12, 2014

Swedish oil firm Lundin Petroleum has found oil while drilling an appraisal well at its Edvard Grieg find in the North Sea, the Norwegian Petroleum Directorate said on Monday.

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.

Later, Lundin said that the amount of oil and gas estimated to be in place at the Edvard Grieg oilfield is unlikely to change after a recent round of drilling.

"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.

(By Gwladys Fouche)

Floating Production Systems Report And Online Database

Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025

Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.

Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.

Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Demo