Lundin CEO Ashley Heppenstall

Lundin Petroleum announced Monday that oil production from its North Sea Brynhild field would be delayed until the third quarter, hindering the company’s overall forecasted output for 2014.

Production from Brynhild had been expected to start in June.

Lundin said the cause of the delay was issues related to a commissioning of an FPSO facilities operated by Shell.

“We are disappointed and frustrated that the Haewene Brim FPSO is still not ready to accept Brynhild production. Nevertheless we remain confident regarding the productivity of the Brynhild reservoir and the project delays have had no impact on Brynhild reserves.” CEO Ashley Heppenstall said.

Lundin said the delay would affect its 2014 net production, now forecasted at 25,000 to 30,000 boepd.

Previous forecasts by the company were between 30,000 and 35,000 boepd.


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