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Brage Field & Yme Field Production Update – June 2023

Brage Field

Lime Petroleum AS (“LPA”) today announced that oil production in June from the Brage Field in Norway, net to LPA, amounted to 4,370 barrels of oil equivalent per day (boepd).

The field’s production is stable, with a high uptime and at a higher rate than expected, much due to a new successful oil producer which came on stream earlier than planned.

LPA holds a 33.8434 per cent interest in the Brage Field. The operator of the Brage Field is OKEA ASA.

Yme Field

At the Yme Field, production in June, net to LPA, was 1,907 bopd. Only oil is sold from the Yme Field as the produced gas is being used for production operations and re-injected into the reservoirs for improved oil recovery. The Yme production in June was stable and with a high uptime.

LPA holds a 10 per cent interest in the Yme Field. The operator of the Yme Field is Repsol Norge AS.

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