Through the downturn in the industry, Lundin Norway has continued to invest in its employee base. More than 30 percent of the current workforce has in fact been recruited in the period after oil prices started to fall in 2014. This has been made possible by our long-term strategy to secure sustainable growth.
Lundin Norway is among the companies with lowest production costs on the Norwegian shelf. No other company had lower costs per barrel produced in 2017. So far this year, we have improved our own record by more than 17%.
Rosenberg WorleyParsons to handle modification work on the Edvard Grieg platform
Lundin Norway and its licence partners in PL338 are awarding Stavanger based Rosenberg WorleyParsons contract for modification work on the Edvard Grieg platform in the North Sea. The contract will give important ripple effects locally and regionally, and provide work for 150 people.
Real-time production data to be shared between Edvard Grieg and Ivar Aasen
The trend has been for operating companies on the Norwegian Shelf to share a minimal amount of data. Until now. Lundin Norway and AkerBP will be sharing real-time production data from the Edvard Grieg and Ivar Aasen platforms between the companies. This will generate positive effects for both.
Successful appraisal well and extended production test on Alta
Lundin Norway, operator of production licence 609, and its partners have just completed a successful appraisal well and production test on the Alta discovery on the Loppa High in the southern Barents Sea.
Successful well test on Rolvsnes opens up a larger potential
Lundin Norway has conducted a successful well test over a ten-day period on Rolvsnes in the North Sea. The test confirms a completely new exploration concept on the shelf, and shows that we can produce oil and gas from fractured and weathered basement rocks.
Lundin Norway is acquiring an unprecedented volume of environmental data from the seabed in connection with exploration drilling in the Barents Sea. The information that has been collected indicates that there is no negative impact on the ecosystems from the drilling activity.
200 million years ago, the area where the Edvard Grieg field is located today was a barren desert landscape. Several major floods carried enormous volumes of mass down the hillsides and created an alluvial fan deposit in the valley. The result of the flood destruction became a good conglomerate oil reservoir.