Lime Petroleum AS

We are thrilled to announce that on the 20th of June, Lime Petroleum AS (30%) and partners OMV Norge AS (30%) and Vår Energi ASA (40%), was awarded The Iroko carbon storage licence by the Norwegian Ministry of Energy! The licence is located in the North Sea about 130 kilometres west off the coast from Haugesund and will be operated by Vår Energi. The Iroko area has the potential to store up to 7.5 million tonnes of CO2 annually for at least 30 years, a total of approximately 215 million tonnes. Lime CEO, Lars Hübert said, “We have worked on this project with our partners for some time now and are very pleased to be awarded this CO2 storage licence, a first for Lime and an important milestone to us, as it brings us a step closer to fulfilling our vision of a net zero future with an abundance of energy.” All of us at Lime are proud and pleased to be part of the solution to get a net-zero carbon future! https://lnkd.in/dpEpkM6f

Lime Petroleum And Partners Awarded CO2 Storage Licence In Norwegian North Sea Lime Petroleum AS (“Lime”),  in partnership with OMV Norge AS and Vår Energi ASA, has been awarded a CO2 storage licence in the North Sea by the Norwegian Ministry of Energy today1. The Iroko carbon storage licence, located in the North Sea about 130 kilometres west of the coast from Haugesund, will be operated by Vår Energi.     The Iroko area has the potential to store up to 7.5 million tonnes of CO2 annually for at least 30 years, a total of approximately 215 million tonnes.    Lars Hübert, Chief Executive Officer of Lime, said, “We have worked on this project with our partners for some time now and are very pleased to be awarded this CO2 storage licence, a first for Lime and an important milestone to us, as it brings us a step closer to fulfilling our vision of a net zero future with an abundance of energy.”      The licence partners of the Iroko carbon storage licence are: Vår Energi ASA (40%), OMV Norge AS (30%) and Lime Petroleum AS (30%). https://lnkd.in/dpEpkM6f

Lime Petroleum AS encourages young talent.

Today, I had the privilege of participating in the EAGE Student Field Trip: Fault Outcrops in Carbonate Rocks along the beach at Huk. This immersive experience allowed us to closely observe and study the geological features from Huk Naturiststrand to Hukodden strand, taking the opportunity to observe various outcrops along the way. It was an enriching morning where we learned and shared knowledge about the region's geology. Additionally, I had the opportunity to share this experience with geoscience and geophysics students from universities around the world, which further enriched our learning. I thank EAGE (European Association of Geoscientists and Engineers) for organizing this incredible field trip as part of the EAGE Annual 2024, and my colleagues for their enthusiasm and collaboration. Thanks Lime Petroleum AS for your sponsorship. #Geology #EAGEAnnual2024 #Learning #Science

Meet Vlad! ✨ He is our Chief Geophysicist, and our colleague from the very beginning of Lime almost 12 years ago. This is his story about how he got into geophysics, and how his career brought him to Lime: I studied geophysics at the Leningrad Mining Institute. But the study required a broad and deep education, which included basic subjects such as mathematics, physics, chemistry, and specialized ones - geological and geophysical. In my third year of study, I especially liked the course “Linear Systems and Signals.” Exactly this course determined my professional career which started with borehole seismic processing (VSP) and expanded to 3D seismic acquisition, in-house and full on-board processing, and finally having reached seismic interpretation. Even as a teenager, I didn’t know that I would be a geophysicist, but I already for sure knew that my work would be related to geology. At the age of 12, I read the story “Territory” by geologist Oleg Kuvaev, about the search for gold, and since then I have been infected with the romance of new lands, discoveries and achieving goals. And for thirty-three years after graduating from the institute, I have worked as a geophysical Sherpa in geology, working in more than thirty countries and on all continents, even in Antarctica. One of the previous companies I worked for was Bergen Oilfield Services (BOS), whose investors and invited me to Lime, where in twelve years I went from processing and AVO geophysicist to Chief geophysicist. So, my entire adult life is related to geology and geophysics, and even my wife is a geophysicist, and my son is a geologist. But besides geology and geophysics, we also enjoy snorkeling, and I still love literature. Lastly, we asked Vlad if he has any advice for his current and future colleagues, and this was his answer: Have a dream and follow your dream.

🌟 We want to welcome Stig Lyngra as our new Chief Petroleum Engineer. 📝 Stig holds a MSc in Petroleum Engineering from the Norwegian University of Science and Technology (NTNU), and 19 years of experience from Saudi Aramco as well as experience from other companies. His knowledge and experience will be a valuable addition to the team in Lime. We are happy to have you on board, Stig! 😄

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🌟 Lime Petroleum AS is pleased to announce that the license partners in PL740, in which Lime has a 17 per cent interest, have made a Final Investment Decision (FID) for the Brasse Field development. 📍 The field, estimated to contain 24 million barrels of oil equivalent gross in recoverable reserves, will be developed as a tie-back to the Brage Field, in which Lime has a 34.8434 per cent interest. 💡 The plan for development and operation (PDO) will be submitted during April 2024 and Brasse will be renamed Bestla upon approval of the PDO. The field is expected to come on-stream during the first half of 2027. 🛢 Plateau production is estimated at around 26,000 boepd gross and is expected within the first year of production. The PL740 partnership consists of OKEA ASA (operator, 39.2788%), DNO Norge AS (39.2788%), Lime Petroleum AS (17%), and M Vest Energy AS (4.4424%). 🌐 Read more on our website: https://lnkd.in/dJewu6eC

⚠ Important Notice: Beware of Recruitment Scams Unfortunately, it has come to our attention that fraudulent recruitment messages bearing the name of Lime Petroleum are circulating across various platforms. We are also aware of scammers impersonating a recruitment agency and pretending to recruit on Lime Petroleum's behalf. These scammers may even conduct an interview to try and solicit personal information or money from prospective applicants.   Important facts about our procedures Please note that Lime Petroleum will NOT request money from applicants either directly to us or to third party (e.g. for ‘visa fees, embassy fees’, security deposits, taxes, a percentage of travel expenses). We will also NOT request personal information such as passport and bank account details at an early stage of the process. Also, please note that if you were to receive any emails from us, the address would always end with @limepetroleum.com. If this is not the case, please treat the contact as fraudulent and forward the details to us.   LinkedIn is an important global professional network and hence a prioritised channel for future recruitment. We strongly recommend that you only connect with people that you know and trust. Read more: https://lnkd.in/gyZCVyid