Lundin Comes Up Dry in the North Sea

Sweden's Lundin Petroleum reported Tuesday that its wildcat well 33/2-1 on the PL555 license offshore Norway has come up dry.

The 33/2-1 well, located in the North Sea some 130 miles northwest of Florø on the Norwegian west coast and 40 miles northwest of the Snorre field, was targeting the Storm prospect. The main objective of the well was to test the reservoir properties and hydrocarbon potential of the Upper Jurassic Sandstones equivalent to the reservoir in the Magnus field on the UKCS approximately 22 miles to the south.

The well found hydrocarbons in Cretaceous and Jurassic reservoir sequences but not in commercial quantities. Lundin said it will now be plugged and abandoned.

The well was drilled to total depth of 14,545 feet below mean sea level using the Transocean Arctic (mid-water semisub) rig.

Lundin Norway is the operator of PL555 and has a 60 percent working interest. Its partners in the license are Bayerngas Norge, which has a 30-percent working interest, and Fortis Petroleum Norway, which holds a 10 percent working interest.



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