Kistos confirms production status offshore Norway

May 23, 2023

Kistos has completed its acquisition of Norwegian E&P independent Mime Petroleum, securing entry to the Norwegian Continental Shelf.

According to Mime Petroleum's August 2022 investor update, the company's sanctioned activities include 25 new production wells to come onstream from 2021 to 2025, which includes ongoing drilling from the Ringhorne platform (pictured).

Offshore staff

LONDON — Kistos has completed its acquisition of Norwegian E&P independent Mime Petroleum, securing entry to the Norwegian Continental Shelf.

The transaction provides Kistos with estimated 2P reserves of 24 MMboe and 30 MMboe of 2C resources, and more than 2,000 boe/d of production. The 2C figure relates to potential upside in the Balder and Ringhorne fields and the 2021 King oil discovery.

Group output should exceed 15,000 boe/d in 2025 once the Vår Energi-operated Jotun FPSO is back onstream in the Norwegian North Sea, following modifications for the Balder Future project.

05.23.2023