Lundin Petroleum discovers oil at Filicudi prospect in Barents Sea


Lundin Petroleum's wholly owned Norwegian subsidiary has made an oil and gas discovery in the main well 7219/12-1 on the Filicudi prospect.

The well is situated in the PL533, nearly 40km south-west of Johan Castberg and 30km from Alta and Gohta discoveries on the Loppa High in the southern Barents Sea.

The well targeted the Jurassic and Triassic sandstone reservoirs to find oil.

Currently, Lundin Norway is drilling a sidetrack 7219/12-1A at the prospect.

The well in 7219/12-1 encountered gross 129m hydrocarbon column with quality sandstone reservoir attributes, with 63m of oil and 66m of gas in the Jurassic and Triassic targets.

The company conducted extensive data acquisition, and sampling has been carried out, including coring, logging and oil and gas sampled from the wireline tools.

"Filicudi discovery is estimated to host a gross resource between 35 million and 100 million barrels of oil equivalents."

Filicudi discovery is estimated to host a gross resource between 35 million and 100 million barrels of oil equivalent (Mboe).

Well results show upside potential that need additional appraisal drilling.

Filicudi holds resources of around 700Mboe in intervals.

Multiple additional prospects have been identified across the Filicudi trend within PL533 with total gross unrisked prospective resource potential for the trend of up to 700Mboe.

PL533 hosts two high graded prospects Hufsa and Hurri that contain gross unrisked prospective resources of 285Mboe and 218Mboe respectively.

The semisubmersible drilling rig Leiv Eiriksson which has been used in this discovery will be mobilised to PL533 after completion to the Gohta discovery in PL492. It will drill a second delineation well on this discovery.

The operator of both the licences, Lundin Norway owns 35% and 40% interest in PL533 and PL492 respectively.