Offshore & subsea - 02 September 2021

First production from the well in the UK North Sea was achieved on 23 August.

The potential of the discovery can be preliminarily estimated at between 1.5 and 2 billion barrels of oil in place and between 1.8 and 2.4 trillion ft3 of associated gas.

Estimated recoverable reserves from Solveig are 9.2 million m3 of oil equivalent in Phase 1.

Based on resources of 21 million boe and its proximity to the nearby Alba infrastructure, Wood Mackenzie assumes the discovery could be an ideal candidate for a short-cycle, high-return tie-back to the Ithaca-operated facilities.