Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS has announced that the drilling of exploration well 16/4-9 S on the Luno II North prospect has resulted in an oil discovery
The well is located on the southwestern flank of the Utsira High approximately 15 km south of the Lundin Petroleum operated Edvard Grieg field and 4 km northwest of the Luno II discovery well, 16/4-6 S.??
The well encountered a gross oil column of 23 m in reasonable quality Jurassic/Triassic conglomeratic sandstones. The pressure data indicates that the petroleum system in the Luno II North discovery is different to that seen in the Luno II discovery. Extensive data acquisition and sampling was carried out in the reservoir including conventional coring and fluid sampling.??
One production test (DST) was performed in the oil zone, producing at a rate of 1000 bpd through a 32/64 in. choke.
The gross contingent resource range for the Luno II North discovery, representing the southern part of the prospect, is estimated to be 12 to 26 million boe/d.
Whilst the analysis of the economic viability of the various development concepts is ongoing one possible development solution could be a combined Luno II and Luno II North subsea tie-back to the Edvard Grieg field. Both the Luno II North and the Luno II discoveries are located wholly in PL359 with a fully aligned ownership between PL359 and Edvard Grieg’s PL338. The Luno II discovery is estimated to contain a gross contingent resource range of between 27 and 71 million boe/d.
??Appraisal well 16/4-9 S is the fourth well drilled in PL359 after it was awarded in 2006. The well was drilled to a total depth of 2305 m below mean sea level in a water depth of 100 m.
??The well was drilled using the semi-submersible drilling rig Bredford Dolphin and will be permanently plugged and abandoned. Lundin Norway AS is the operator of PL359 with a 50% working interest. The partners are OMV (Norge) AS with 20%, Statoil Petroleum ASA with 15% and Wintershall Norge AS with 15% working interest.?