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August 20, 2019

Lundin Norway finds oil in North Sea’s Goddo prospect

Lundin Norway, a wholly owned subsidiary of Lundin Petroleum, has discovered oil by spudding an exploration well at the Goddo prospect in the North Sea.

Lundin Norway, a wholly owned subsidiary of Lundin Petroleum, has discovered oil by spudding an exploration well at the Goddo prospect in the North Sea.

The discovery was made by the 16/5-8s exploration well, located in the production licence (PL) 815 around 14km south of the Edvard Grieg field.

The primary objective was to find oil in the porous basement similar to what the company encountered in the Rolvsnes discovery to the North-West.

The well, drilled by the Leiv Eiriksson semi-submersible rig, encountered weathered and fractured basement in an estimated gross oil column of 20m. According to the data procured during the drilling activity, the reservoir displays similar characteristics as found in Rolvsnes. However, the two discoveries are not connected.

Preliminary assessment suggests that the latest discovery hosts between one and ten million barrels of oil equivalent (MMboe) but the company expects upside potential in the larger Goddo area and surrounding prospects.

Lundin Norway operates the PL815 with a 60% working interest. The company’s partners are Concedo (20%) and Petoro (20%).

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Now, the Leiv Eiriksson rig will move for a three well exploration campaign to the North of the Utsira High, which also hosts the Goddo prospect. Lundin Petroleum has 20% working interest in two of these ConocoPhillips Skandinavia-operated wells.

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