Lundin hits Barents gas find with oil potential

By OGJ editors
HOUSTON, July 8
– Lundin Petroleum AB has drilled a gas discovery with potential for a deeper oil leg in the southwestern Barents Sea off Norway 25 km north of Snohvit field.

The 7120/2-3S well, first exploratory well on PL438, went to 2,600 m below sea level on the Skalle prospect and identified an initial gross contingent resource of 88-280 bcf. Its primary target was to prove hydrocarbons in Cretaceous and Jurassic. It found gas in three zones and was comprehensively logged and cored.

The oil leg potential exists in the Lower Cretaceous reservoir, and upside is possible in Skalle substructures and other prospects on the license, said Lundin Petroleum, which will analyze well results to determine an appraisal program.

Lundin Petroleum said it remains confident regarding the oil prospectivity of its Barents Sea acreage.

The Transocean Leader rig that drilled Skalle will move to PL265 in the Greater Luno area in the North Sea off Norway to drill the Aldous Major South exploratory well 16/2-8. Statoil ASA is the operator of PL265 and Lundin Petroleum has a 10% interest.



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