Lundin Well Indicates Edvard Grieg Recoverable Oil Increase

The Norwegian Petroleum Directorate announced Tuesday that preliminary results from appraisal well 16/1-23 S, operated by Lundin Norway, indicate an increase of between 35 million and 282 million cubic feet of recoverable oil in the south-eastern section of the Edvard Grieg field.

Well 16/1-23 S, which aimed to investigate reservoir rocks and properties and optimize drainage strategy for the best possible location of production wells in the area, encountered a total oil column of 219 feet in sandstone with moderate to good reservoir quality. Prior to well 16/1-23 S being drilled, Lundin’s resource estimate for the field was 1.05 billion cubic feet of recoverable oil. Further work is expected to reduce the uncertainty of the increase estimate.

The Edvard Grieg field is operated by Lundin Norway, which holds a 50 percent interest. OMV Norge holds a 20 percent interest, with Statoil and Wintershall Norge each holding a 15 percent interest in the field. Well 16/1-23 S is the seventh exploration well on Edvard Grieg.



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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
 
Frac Supervisor - TX, ND, WY & OK
Expertise: WellSite Supervisor
Location: El Reno, 
 
United States Bossier City: Service Supervisor I - Frac/Acid
Expertise: Field Service Tech|WellSite Supervisor
Location: Bossier City, LA
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours