Outstanding operational performance at industry leading operating cost
As an innovative and responsible operator on the Norwegian continental shelf we have a strong track record of growth and delivery and a robust HSE performance.
Our production is set to reach 150 Mboepd when Johan Sverdrup reaches plateau in summer 2020, and beyond that we have a healthy long-term production profile with a pipeline of future growth opportunities.
Our strategy remains to focus on operational excellence alongside safe and sustainable practices while we continue to pursue an active organic growth strategy.
Our Key Assets
Johan Sverdrup
A world class project that will double our production
Discovered by Lundin Energy in 2010, the Johan Sverdrup field on the Utsira High is one of the largest oil discoveries ever made on the Norwegian Continental Shelf. With resources estimated to between 2.2–3.2 billion boe and a full field production capacity of 690 Mbopd. Production from Phase 1 of the development commenced on 5 October 2019,with plateau production of 470 Mbopd expected by summer 2020.
Edvard Grieg
Extending plateau production and keeping facilities full
A large proportion of our production comes from our key operated Edvard Grieg asset, located on the Utsira High in the central North Sea. With the significant reserves upgrade for the field and further infill and tie-in opportunities, our ambition is to keep the Edvard Grieg facilities full for many years to come.
Alvheim Area
Continuous reserves growth
The Alvheim, Volund and Boyla fields in the Alvheim area in the central part of the North Sea are collectively a production hub for Lundin Energy. The area delivers strong facilities and reservoir performance and infill drilling opportunities continue to be matured.
