Lime Petroleum AS (“LPA”) is pleased to announce that in the last week of October 2023, production at the Brage and Yme Fields combined, net to LPA, was for the first time, more than 10,000 barrels of oil equivalent per day (boepd). For the full month of October, total oil production in Norway, net to LPA, amounted to 7,714 boepd.
Brage Field: LPA holds a 33.8434 per cent interest in the Brage Field. The operator of the Brage Field is OKEA ASA. A new producer well was started on 24 October 2023 and another new producer was started on 4 November 2023.
Yme Field: LPA holds a 10 per cent interest in the Yme Field. The operator of the Yme Field is Repsol Norge AS. 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.
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