Swedish oil firm Lundin Petroleum reported Monday that its Fosen exploration well in the North Sea has come up dry. The well will now be plugged and abandoned.
The well – which was designated #16/4-10 and located south of the Luno II field within the PL544 exploration license on the southern flank of the Utsira High in the Norwegian North Sea – was targeting Jurassic reservoirs in a four-way dip closure with stratigraphic upside. A thick (525 feet) reservoir section was encountered in the well, which had good properties, but this was found to be water-wet with some oil shows. Lundin undertook a data-collection exercise in order to understand the context of the well in relation to remaining prospectivity in the area.
The well was drilled to a total depth of 8,655 feet below mean sea level in a water depth of 312 feet by the Island Innovator (mid-water semisub) rig.
Lundin Norway is the operator of PL544, having a 40-percent interest in the license. Other partners are Lime Petroleum Norway (30 percent) and Wellesley Petroleum (30 percent).
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