Lundin Energy has a proven track record of discovering and developing oil and gas resources and bringing them into production efficiently and responsibly.
Lundin Energy has eight potential new projects in the pipeline out of which four have been sanctioned and are progressing towards production. In addition, we have eight potential new projects representing over 120 MMboe of net resources.
4 sanctioned projects underway
A pipeline of future development opportunities have been identified to keep the Edvard Grieg facilities full for the long-term. During 2019, three projects were sanctioned in the Greater Edvard Grieg Area: the Edvard Grieg infill well programme, the Solveig Phase 1 project and the Rolvsnes extended well test.
The Frosk discoveries in the Alvheim Area have opened up new potential near Bøyla. A production test well has been drilled and is producing from the Frosk field through the Bøyla facility and based on the production results, a forward development plan will be determined.
8 potential new projects accelerated by tax incentives
In June 2020, the Norwegian Government announced tax incentives that will apply to new projects for which a Plan for Development and Operation is submitted before the end of 2022. Lundin Energy have identified eight potential new projects that can meet this requirement and will be aiming to accelerate appraisal activities and field development studies, with the objective of maturing and potentially sanction them all within the time frame. These projects represent over 120 MMboe of net resources combined.