First of two production wells spudded at Bestla development in Norway
Published by Emilie Grant,
Editorial Assistant
Oilfield Technology,
Lime Petroleum AS is pleased to share that the operator of PL740 Bestla, in which Lime has a 17% interest, has on 4 August 2025, spudded the first of two production wells.
The well is being drilled by the rig Deepsea Yantai from the Bestla Subsea Template, which had been installed in early-June 2025. The Bestla Field, estimated to contain 24 million boe gross in recoverable reserves,1 is being developed as a two-well subsea tie-back to the Brage Field, in which Lime has a 33.8434% interest. The Brage platform will serve as the host facility for production, processing, and export. First oil is expected in early 2027.
The NOK6.3 billion (approximately US$571 million) Plan for Development and Operation (PDO) for the Bestla Field was officially submitted to the Norway Ministry of Energy in a ceremony held a year ago on 30 April 2024 and was approved on 19 November 2024. The PL740 Bestla development is located in the northern North Sea, 13 km south of the Brage Field. OKEA ASA is the operator for both the Bestla and Brage Fields.
Mr Lars B. Hübert, Chief Executive Officer of Lime, said, “The Bestla development is exemplary in the use of standard solutions, well-proven technology, and close cooperation with strategic partners. With a project breakeven at around US$40/bbl, the development is an efficient and cost-effective one, which is all the more important against volatility in oil prices amid the current geo-political situation.”
The PL740 partnership consists of OKEA ASA (operator 39.2788%), DNO Norge AS (39.2788%), Lime Petroleum AS (17%), and M Vest Energy AS (4.4424%).
The Brage Unit partnership consists of OKEA ASA (operator 35.2%), Lime Petroleum AS (33.8434%), DNO Norge AS (14.2567%), Petrolia Noco AS (12.2575%), and M Vest Energy AS (4.4424%).
Lime farmed in for a 17% interest in PL740 with the Bestla (previously known as Brasse) development in late 2023; and acquired a 33.8434% interest in the Brage Field in 2021.
1. OKEA ASA press release, 'Final investment decision made for Brasse', 8 April 2024
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/14082025/first-of-two-production-wells-spudded-at-bestla-development-in-norway/