Lundin Petroleum report that its wholly owned subsidiary Lundin Norway AS has received final approval for the plan for development and operation (PDO) for the Edvard Grieg field from the Norwegian Parliament.

The Norwegian Ministry of Petroleum and Energy concurred with the field development plan in April 2012. The Edvard Grieg is the first standalone development project operated by Lundin Petroleum on the Norwegian Continental Shelf (NCS).

First production from the Edvard Grieg field in PL338 is expected in late 2015 with a forecast gross peak production of approximately 100,000 barrels of oil equivalent per day (boepd) (90,000 barrels of oil per day (bopd) and 1.5 million Sm3 of gas per day).

Tags: Lundin Petroleum