Lundin Spuds Well Targeting Storm Prospect

Sweden's Lundin Petroleum reported Thursday that it has spud an exploration well targeting the Storm prospect in the northern part of the Norwegian North Sea.

The exploration well, designated 33/2-1, will investigate the hydrocarbon potential of the Storm prospect, which is located some 120 miles west northwest of Florø on the Norwegian west in production license 555. The main objective of the well is to test the reservoir properties and hydrocarbon potential of Upper Jurassic sandstones that are equivalent to the reservoir at the Magnus field located some 21 miles to the south on the UK Continental Shelf.

Lundin estimates the Storm prospect to have the potential to contain un-risked, gross prospective resources of 89 million barrels of oil equivalent.

The planned total depth is 14,765 feet below mean sea level and the well will be drilled using the Transocean Arctic (mid-water semisub) rig. Drilling is expected to take approximately 80 days.

Lundin Norway is the operator and has a 60-percent working interest in PL555. Bayerngas Norge is its partner with a 40-percent working interest.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  CNOOC to Drill 126 Exploration Wells i... (Jan 19)
 -  Sound Energy Looks to Buy OGIF's Asset... (Jan 19)
 -  CNOOC Commences Production from Enping... (Jan 18)
 -  Statoil Granted Drilling Permit for We... (Jan 18)
 -  Gazprom Chairman, Moldova President Di... (Jan 18)


Most Popular Articles

From the Career Center
Jobs that may interest you
United States Canonsburg: Service Manager
Expertise: Customer Service|WellSite Supervisor
Location: Canonsburg, PA
 
Drilling Engineer II Job
Expertise: Drilling Engineering|Petroleum Engineering
Location: Houston, TX
 
Drilling Engineer
Expertise: Drilling Engineering
Location: Tulsa, OK
 
search for more jobs

Brent Crude Oil : $53.92/BBL 2.79%
Light Crude Oil : $51.08/BBL 2.66%
Natural Gas : $3.3/MMBtu 3.22%
Updated in last 24 hours