Lundin Makes Oil Discovery at Albert Prospect

Lundin Makes Oil Discovery at Albert Prospect

Lundin Petroleum announced Thursday that its exploration well targeting the Albert prospect, approximately 40 miles northwest of the Snorre Field in the northern North Sea, has found oil.

Exploration well 6201/11-3 on Norwegian production license 519 was testing Cretaceous and Triassic-age sandstones in a multiple-target structure. The well encountered oil in the thin Cretaceous reservoir sequence at the predicted level for the primary target, but Lundin said that the thin thickness and uncertain distribution of the reservoir do not give a basis for resource estimate at this stage and that further geophysical and geological studies are required to clarify the potential of the discovery.

"The existence of oil bearing Cretaceous reservoir in the Albert well is encouraging. In the event we can find thicker Cretaceous reservoir sections over this large structure there remains potential for commercial discoveries in this area," said Lundin CEO Ashley Heppenstall in a company statement.

The well was drilled by the Bredford Dolphin (mid-water semisub) rig to a total depth of 9,760 feet below sea level. The rig will now be used by Wintershall for one well before being returned to Lundin to drill an appraisal well on its Johan Sverdrup discovery in license 501.

According to the Norwegian Petroleum Directorate, the 6201/11-3 well was the first to be drilled on PL 519, which was awarded in the 20th Norwegian licensing round in 2009. 


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