Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, announced that exploration well 7220/10-1 in PL533 has discovered gas condensate in the Salina structure located on the west flank of the Loppa High in the Barents Sea.
Well 7220/10-1 has proved two gas columns in sandstone of Cretaceous and Jurassic age. Data acquisition in the well, including coring, wireline logging and fluid sampling, has proven good reservoir quality in the sandstone.
Preliminary calculations, made by the Norwegian Petroleum Directorate, give a range of gross discovered volume in the Salina structure of between 5 and 7 billion standard cubic metres (Bsm3) (29 to 41 million barrels of oil equivalent (MMboe)) of recoverable gas/condensate.
The well was drilled to a total depth of 2,371 metres below mean sea level and was drilled with the rig Scarabeo 8.
Lundin Petroleum holds 20 percent interest in PL533. Partners are ENI (operator) with 40 percent interest, RWE Dea (20 percent) and Det norske oljeselskap ASA (20 percent).
Lundin Petroleum’s next well in the Barents Sea will be drilled on licence PL490 targeting the Juksa and Snurrevad prospects. Lundin Petroleum is the operator of licence PL490 with a 50 percent interest. The Juksa and Snurrevad prospects will be drilled by the Transocean Arctic rig and the well is likely to spud this month.
[mappress] LNG World News Staff, October 05, 2012; Image: Lundin