The Bøyla field, operated by Marathon Oil, is located about 28km south of the Alvheim field and the development solution selected for the Bøyla field is a subsea tie-back to the Alvheim floating production, storage and offloading (FPSO) vessel.
The anticipated gross reserves are about 21 million barrels of oil equivalent with gross peak production of 19,000 boepd and the first production from Bøyla is expected in the Q4 of 2014.
Lundin Petroleum holds a 15% working interest in the Bøyla field, while its co-partners, Marathon (65%) and Conoco Philips Skandinavia (20%) own the remaining stakes respectively.
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