The Brynhild field, located in the production license 148, holds 22 million barrels of oil in gross proved and probable reserves with a forecast gross peak production of about 12,000 barrels of oil per day.
The field development plan includes three wells and pipelines/umbilical tied back to the existing Shell operated Pierce field infrastructure in the UK sector of the North Sea.
Production from the Brynhild field is expected to begin in late 2013, and the oil will be processed and stored on the Pierce floating production, storage and offloading vessel before offshore loading to shuttle tankers, the company said.
Lundin Petroleum holds a 50% working interest in the Brynhild field and is its operator, while Talisman and Noreco hold a 30% and a 20% interest, respectively.
