Lundin Petroleum Make Offshore Oil Discovery In North Sea

Published at 11:16AM - 22/12/15

Lundin Petroleum have made an offshore oil discovery in the Norwegian sector of the North Sea.

The Swedish based company, announced the news Tuesday (22 Dec), saying that the discovery was made at the firm’s Rolvsnes 16/1-25 S exploration well in Norwegian licence PL338C close to its Edvard Grieg field.

Lundin Petroleum Discovery

Lundin has confirmed that the discovery well is located approximately 3.7 miles (6km) south of their Edvard Grieg Field and 1.8 miles (3km) from their Edvard Grieg South discovery, on the southwestern flank of an area known as the Utsira High.

The discovery well was drilled by the offshore semisubmersible drilling rig Bredford Dolphin, in a water depth of 348 feet (106m), to a depth of f 6877 feet (2,096 m), having been sue in back in October.

In a press release, Lundin said the well encountered an oil column of 98 feet (30m), with early production tests showing a daily oil production rate of 265 barrels through a 36/64″ choke.

According to data collected whilst drilling, the discovery looks to be connected to an earlier discovery at Edvard Grieg South, also found by Lundin back in 2009.

From early estimates, the discovery looks to hold between 10 to 46 million barrels of oil equivalent.

The well has will now be permanently plugged and abandoned, whilst Lundin Petroleum and partners take further time to process the data gained from the well. 

Licence PL338C is a joint venture between Lundin Petroleum (operator) 50%, Lime Petroleum Norway 30%, and OMV 20%.