STOCKHOLM, June 9 (Reuters) - Lundin Petroleum said on Monday oil production from its Brynhild field wouldlikely only get running late in the third quarter, hampering itsoverall output for 2014.
Production from Brynhild, an oil field situated in thesouthern part of the North Sea about 10 kilometers from theborder with the UK shelf, had been expected to start already inJune.
The Swedish oil firm blamed the delay on commissioningissues related to the use of nearby floating production storageand offloading (FPSO) facilities operated by Shell.
"We are disappointed and frustrated that the Haewene BrimFPSO is still not ready to accept Brynhild production," CEOAshley Heppenstall said in a statement.
"Nevertheless we remain confident regarding the productivityof the Brynhild reservoir and the project delays have had noimpact on Brynhild reserves."
Lundin, which explores and produces oil in Norway, Malaysiaand Indonesia, said the delay would affect its 2014 netproduction which it now forecast at 25,000 to 30,000 barrels ofoil equivalent per day (boepd), down from a previous expectationfor between 30,000 and 35,000 boepd.
Lundin shares traded down a little more than one percent inearly trade on Monday compared with the OMXS all-share index which was up 0.9 percent.
Lundin said it would retain a production guidance for 2015of 50,000 boepd.
According to Lundin, the Brynhild reservoir lies at a depthof 3,300 meters. The field's gross reserves are estimated at23.1 million barrels oil equivalents and forecast gross peakproduction is expected to be 12,000 barrels per day. (Reporting by Mia Shanley; editing by Niklas Pollard)
