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Field development plan for Luno oil field in Norway submitted

(PresseBox) (Oslo, ) with its licence partners Lundin Norway AS and Wintershall Norge ASA, RWE Dea Norge AS has submitted a plan for development and operation (PDO) for the Luno field to the Norwegian Ministry of Petroleum and Energy.

The Luno field is an oil field located in the Norwegian sector of the North Sea which incorporates both the Luno and Tellus discoveries. First production from the Luno field in PL338 is expected in late 2015 with a forecast gross peak production of approximately 90,000 barrels of oil per day (bopd).

Lundin (operator) has a 50 percent working interest in the Luno field. Wintershall and RWE Dea hold a 30 percent and a 20 percent interest, respectively.

The Luno PDO comprises 15 wells drilled from a jack-up rig, a processing platform on a jacket structure and export pipelines tied back to existing infrastructure. Luno contains 186 million barrels of oil equivalents (MMboe) of gross proved and probable reserves. The oil will be processed and transported through a new pipeline to the Grane area and further via the Grane oil pipeline to the Sture terminal for sale. The facilities on the Luno platform will be prepared for power from shore when capacity and technical solutions are available in order to contribute to the development of a long term electrification of the area.

Lundin has awarded the jacket construction to Kværner Verdal shortly after the submittal of the PDO. "We are pleased that Luno - one of the most important recent oil discoveries on the Norwegian Continental shelf - goes further ahead", says Hans-Joachim Polk, Managing Director of RWE Dea Norge.

About Rwe Dea AG

RWE Dea Norge AS is a subsidiary of the German oil and gas company RWE Dea AG and has been present in Norway for almost 40 years. The company has ownership interests in several producing fields, such as Snorre, Gjøa and Snøhvit, and is participating in two of the most important recent discoveries on the Norwegian continental shelf, Luno and Knarr. RWE Dea Norge is operator of six licenses in the exploration phase.

RWE Dea AG, headquartered in Hamburg, is an international company operating in the field of exploration and production of natural gas and crude oil. The company deploys state-of-the-art drilling and production technologies, putting its many years' experience acquired to good use. RWE Dea has set new standards in the fields of safety and environmental protection.

RWE Dea has stakes in production facilities and concessions in Germany, the UK, Norway, Denmark and Egypt and holds exploration concessions in Algeria, Ireland, Libya, Mauretania, Poland, Trinidad & Tobago and Turkmenistan. Moreover, in Germany, RWE Dea also operates large subterranean storage facilities for natural gas. RWE Dea is part of the RWE Group, one of Europe's largest energy utilities.

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