Norway: Alvheim and Volund Offshore Fields Back in Production

Lundin Petroleum AB (Lundin Petroleum) reports that production from the Alvheim field (Lundin Petroleum working interest (WI) 15%) and the Volund field (Lundin Petroleum WI 35%), offshore Norway was shut down for 13 days in May due to unscheduled maintenance on the Alvheim FPSO.

The shut down was required in order for the operator Marathon Petroleum Norge AS to carry out preventative maintenance works on the Alvheim FPSO’s fire prevention system.

The Alvheim FPSO has now resumed normal operations and the Alvheim and Volund fields have recommenced production.

Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets in Europe, South East Asia, Russia and Africa. The Company is listed at the NASDAQ OMX, Stockholm (ticker “LUPE”) and at the Toronto Stock Exchange (TSX) (ticker “LUP”). Lundin Petroleum has proven and probable reserves of 187 million barrels of oil equivalent (MMboe).

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Source:Lundin Petroleum ,  May 30, 2011; Image: Petrex