Lundin hits oil with Avaldsnes sidetrack offshore Norway

Source: Lundin Petroleum

Lundin Petroleum (TSX:LUP)(OMX:LUPE) has completed the sidetrack well 16/3-4A of the first appraisal well 16/3-4 on the Avaldsnes discovery in Production License 501 on the Norwegian Continental Shelf (NCS). A comprehensive data acquisition and sampling program has been acquired from the sidetrack well. 

The objective of the sidetrack well 16/3-4A was to confirm lateral reservoir continuity and sand quality to the west of the first appraisal well. The results from the sidetrack well shows good lateral continuity of the reservoir with a proved oil column in excess of 4 meters with excellent quality sands. 

The well 16/3-4A was drilled to a vertical depth of 1,934 meters below sea level using the Bredford Dolphin, which will now move on to drill the second appraisal well, 16/2-7 over the Avaldsnes discovery. 

“The results of the first Avalsdnes appraisal well and subsequent sidetrack are very positive having proven the lateral continuity of the Upper Jurassic Draupne reservoir with high porosity and permeability,” said Ashley Heppenstall, president and CEO of Lundin. “Whilst the reservoir thickness across the Avalsdnes structure will be variable we now have a higher degree of confidence that the part of the structure previously assumed to be non hydrocarbon bearing will in fact be covered by Upper Jurassic hydrocarbon bearing reservoir.” 

Lundin Norway is the operator with 40 percent interest. Partners are Statoil with 40 percent interest and Maersk with 20 percent.

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