Lundin Energy Lifts Output Forecast

Published

Lundin's platform offshore Norway - (File photo: Lundin Energy Norge)
Lundin's platform offshore Norway - (File photo: Lundin Energy Norge)

Swedish oil firm Lundin Energy raised its full-year production forecast on Monday and said output had exceeded forecasts at all its key fields.

The company now expects daily output for 2021 to average between 180,000-195,000 barrels of oil equivalent per day (boed), up from the original guidance of 170,000-190,000 boepd.

A scheduled increase in output at western Europe's largest oilfield, Norway's Johan Sverdrup, had gone more rapidly than expected, Lundin said in a statement.

Operator Equinor holds a 42.6% stake in Sverdrup, Lundin Energy has 20%, Petoro holds 17.36%, Aker BP owns 11.57% and TotalEnergies has 8.44%.

(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

Current News

Legasea Launches Subsea Basket Rental Program

Legasea Launches Subsea Basket

Lamprell Picks IMI for Offshore Platforms and Jackets Fabrication

Lamprell Picks IMI for Offshor

Eni Installs ‘World's First’ Purpose-Built Offshore CCS Platform

Eni Installs ‘World's First’ P

TotalEnergies Selects SLB for Global Digital Drilling Program

TotalEnergies Selects SLB for

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine