Significant increase in reserves

Significant increase in reserves

Following the completion of the development drilling program, reserves in the Edvard Grieg field has increased by an estimated 47 percent.

Lundin Norway has successfully completed the PDO development drilling programme at its operated Edvard Grieg field on the Utsira High, Lundin Norway says in a press release.

Overall reservoir results from the development drilling have exceeded the pre-drill expectations. Combined with a strong reservoir performance, that has seen no material water production to date, these positive results have led to a 47 percent increase of the best estimate gross ultimate recovery for the Edvard Grieg field since the PDO.
In addition, further contingent resources are identified associated with infill drilling opportunities.  
The reserves upgrade has led to the field production plateau being extended from the PDO by two years to end 2019. An infill development drilling programme is being planned for 2020 which has the potential to further extend the production plateau.
A 4D seismic survey is being acquired over the field in 2018 to refine the infill well targets.
Current gross production from Edvard Grieg is approximately 95,000boepd.
The facilities continue to perform ahead of guidance with a production efficiency of 97 percent year to date. Total gross production from Edvard Grieg from first oil to end of the first quarter 2018 amounted to 74 MMboe.

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