Det norske starts up Boeyla oil field in North Sea

OSLO: Norwegian energy firm Det norske has started up its Boeyla oil field in the North Sea, expecting to recover 23 million barrels of oil equivalents after a 5 billion crown ($660 million) investment, it said on Monday.

The field, produced through subsea equipment and tied to the Alvheim floating production, storage and offloading unit, will produce over 20,000 barrels of oil equivalents at its peak, the firm said.

Det norske operates Boeyla and holds 65 percent of the licence. Other shareholders include Core Energy (20 percent) and Lundin Petroleum (15 percent).