Det norske oljeselskap ASA has produced first oil from the Bøyla Field, according to a press release.
The Bøyla Field commenced production on Jan. 19, 2015. The Bøyla Field, located on PL340 in the Norwegian sector of the North Sea, is a subsea tie-back to the Alvheim Field.
The Bøyla Field is estimated to contain gross reserves of 23 MMboe and is expected to produce at a gross peak rate of about 20 Mboe/d once the second production well has been completed, although the plateau rate is expected to be somewhat lower. The drilling operations on the second production well were suspended in late 2014 and the Transocean Winner semisubmersible rig will return to complete the well during second-quarter 2015 with startup of this well expected by mid-year 2015.
The production facility for the Bøyla Field is the Alvheim FPSO vessel, which is owned by the Alvheim Field partners. In addition to the Alvheim and Bøyla fields, the Volund and Vilje fields are also producing to the Alvheim FPSO unit.
Det norske oljeselskap ASA is the operator of PL340 and has a 65% interest, and Core Energy AS has a 20% interest. Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum, has a 15% interest in PL340.
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