Development of Boyla oil field offshore Norway has received approval of the Ministry of Petroleum and Energy, reports Lundin Petroleum AB (OGJ Online, June 4, 2012).
The field will be developed with two subsea production wells in 120 m of water tied back to a floating production, storage, and offloading vessel on Alvheim oil field 28 km to the north. A Boyla water-injection well also will be drilled.
Production from gross reserves estimated at 21 million boe of oil and gas is expected to peak at 19,000 boe/d.
Marathon Oil Corp. operates both fields and has a 65% interest in Boyla. Lundin holds a 15% Boyla interest, and ConocoPhillips holds 20%.
