Asset Report
Solveig Area
Report summary
The Solveig Area (formerly known as Luno II) is made up of four segments (A, B, C and D) containing two main reservoir intervals the Outer Wedge and Synrift. They are in the Utsira High area of the Norwegian North Sea, approximately 15 kilometres south of the Edvard Grieg field. The operator submitted the Phase 1 Plan for Development and Operation (PDO) in March 2019. It covered the development of the Outer Wedge reservoir in segments B and C and a test of the Synrift reservoir in the B ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Phase II reaches FID in December 2022 and qualifies for Norway's temporary tax regime
- Edvard Grieg hub, development timeline and potential area synergies.
- Well capacity could constrain production
- Future exploration upside
- Reservoir quality risk
- Decarbonisation - electrification
- Location maps
-
Participation
- Historical licensing and corporate activity
- Geology
- Well data
-
Exploration
- Historical exploration
- Reserves and resources
- Production
-
Development
-
Key development metrics
- Phase I:
- Phase II:
- Facilities
-
Key development metrics
-
Infrastructure
- Liquids
- Gas
-
Costs
-
Capital costs
- Solveig Phase I
- Solveig Phase II
-
Operating costs
- Transportation costs
- Emission taxes
-
Capital costs
- Fiscal and regulatory
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Carbon price
- Exchange rate
-
Economic analysis
- Cash flow
Tables and charts
This report includes 27 images and tables including:
- Key facts: Table 1
- Index map
- Solveig Area map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Production profile
- Infrastructure: Table 1
- Cash flow (US$ million)
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Cash flow (NKr million)
- Economic analysis: Table 5
- Economic analysis: Table 6
- Development: Table 1
- Costs: Table 1
- Costs: Table 2
- Decommissioning costs
- Costs: Table 4
What's included
This report contains:
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