Lundin Norway Makes Oil, Gas Find in Barents Sea

Lundin Norway AS, operator of production license 533, has made an oil and gas discovery in the Barents Sea, the Norwegian Petroleum Directorate announced Friday.

Well 7219/12-1 proved a total oil column of about 196 feet and an overlying total gas column of about 196 feet, of which 180 feet and 147 feet, respectively, were in sandstone with good reservoir properties in the Tubåen formation.

Well 7219/12-1 A confirmed a mostly equivalent gas and oil column in the Nordmela and Tubåen formations with good reservoir properties.

Preliminary estimations of the size of the discovery are between 5.5 and 16 million standard cubic metres of recoverable oil equivalents. Further delineation and production testing of the discovery will be assessed, according to the NPD.

The wells were not production tested, but extensive data acquisition and sampling have been carried out. These are the second and third exploration wells in production license 533. The licence was awarded in the 20th licensing round in 2009.

Well 7219/12-1 was drilled to a vertical depth of 8,120 feet below the sea surface and was terminated in the Snadd formation in Late Triassic. Well 7219/12-1 A was drilled to a vertical depth of 5,905 feet below the sea surface and terminated in the Fruholmen formation in Late Triassic. 



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