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Lundin Petroleum AB, through its wholly-owned subsidiary Lundin Norway AS, has received approval from the Norwegian Ministry of Petroleum and Energy for the company’s development and operation plan for the Bøyla field in PL 340, in the Norwegian North Sea, Lundin announced.
First production from Bøyla is expected in 4Q 2014.
The Bøyla field is located approximately 28 km (17 miles) south of the Alvheim field, operated by Marathon Oil, according to a news release. The development solution selected for the Bøyla field is a subsea tie-back to the Alvheim FPSO vessel.
The estimated gross reserves are approximately 21 MMboe with gross peak production of 19,000 boe/d, the release said.
Lundin Petroleum has a 15% working interest in the Bøyla field. Partners are Marathon (operator) with 65% and Conoco Philips Skandinavia with 20% working interest.