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OMV takes 20% stakes in Edvard Grieg (Luno) North Sea development

OMV to replace RWE in Lundin’s Edvard Grieg project

In October 2012, the Austrian-based OMV took over the 20% share held so far by the German RWE in the Edvard Grieg offshore project just after that Statoil had acquired 15% from Wintershall in the same project. 

Previously called Luna, the Edvard Grieg project is led by the Swedish oil and gas company Lundin to develop the offshore oil and gas field located 180 kilometers west of Stavanger in the Norwegian Continental Shelf.

Estimated to require $4.2 billion capital expenditure, the Edvard Grieg production license 338 was originally owned by Lundin, RWE and Wintershall.

This team saw their plan for development and operation (PDO) approved by the Norwegian ministry of Petroleum and Energy in April 2012.

Today the new set up of project stakeholders involves more players with working interest shared as following:

 – Lundin 50% the operator

 – OMV 20%

 –  Statoil 15%

 – Wintershall 15%

Located in the Utsira High subsea plateau of the Norwegian continental shelf by 110 meter water depth, Edvard Grieg field is estimated to contain 38 million barrel of oil equivalent (boe) of crude oil and associated gas probable and proven reserves (2p).

Moving into execution, the Edvard Gried project includes:

 – 15 production wells

 – Jack-up drilling rig

 – offshore platform with 120,000 b/d oil processing capacity

 – Inlet pipeline connection with the Draupne platform, 10 kilometers away from Edvard Grieg, and to be tied-in Edvard Grieg platform for oil and gas processing.

After processing on the Edvard Grieg platform, the oil will be exported to the Sture terminal by the Grane oil export pipeline.

In addition, the Edvard Grieg and Draupne offshore platform will be prepared to be powered from shore by a subsea electrical system be deployed on the Utsira High plateau and provide power supply to all the coming offshore projects such as the giant Johan Sverdrup upper north Edvard Grieg.

Lundin awarded EPC to Kvaerner and Aker Solutions

Lundin and its partners already awarded the key packages of the project.

The Jack-up drilling rig has been awarded to Rowan Companies Inc.

The engineering, procurement and construction (EPC) contract for the steel jacket of the offshore was signed to Kvaerner.

This jacket should weight 14,500 tonnes and should be produced in Kvaerner jacket yard in Verdal, Norway.

The jacket should be completed in 2014.

Then Kvaerner and Aker Solutions won the main EPC package with the topsides of the Edvard Grieg platform.

Aker Solutions will design, engineer and proceed to the technical procurement from its offices in Oslo, Norway, and Mumbai, India.

Aker Solutions will build and assembly the process module in its Egersund yard.

The main topside and utility module will be assembled at Stord.

The living quarters are sub-contracted to Apply Leirvik, they should be made of four modules to be placed later on the jacket.

Kvaerner is leading the team and will take over the project management, engineering, construction and assembly.

In respect with the different packages awarded, Lundin and its new partners, OMV,  Statoil and WIntershall expect Kvaerner to complete the assembly of all the modules for Edvard Grieg in 2015.

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