Brage Field
Lime Petroleum AS (“LPA”) announced that oil production in March from the Brage Field
in Norway, net to LPA, amounted to 2,188 barrels of oil equivalent per day (boepd).
The production in March 2023 was quite stable, with one well experiencing reduced
production performance due to valve problems.
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 March, net to LPA, was 1,251 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 Field resumed production on 30 March 2023 from five of eight oil producing wells,
following an unplanned process shut down between 23 March 2023 to 30 March 2023. The
operator is still beaning up (i.e. engineering sequence of choke settings in the start-up of a
well) wells and production to its full potential.
LPA holds a 10 per cent interest in the Yme Field. The operator of the Yme Field is Repsol
Norge AS.
