Lundin begins drilling exploration well in Rolvsnes prospect, offshore Norway

18 October 2015 (Last Updated October 18th, 2015 18:30)

Lundin Norway has started drilling of exploration well 16/1-25 S on the Rolvsnes prospect in production licence PL338C in offshore Norway.

Bredford

Lundin Norway has started drilling of exploration well 16/1-25 S on the Rolvsnes prospect in production licence PL338C in offshore Norway.

Located 6km south of the Edvard Grieg field in the Norwegian Continental Shelf's (NCS) North Sea region, the well 16/1-25 S will explore the Rolvsnes area between the field and the Luno II discovery.

The Edvard Grieg field is located in the Utsira High area and contains under-saturated oil without a gas cap.

The field's gross 2P reserves are estimated at 186MMboe, and gross plateau production is expected to be 100,000 barrels of oil equivalents per day.

"The Rolvsnes prospect is expected to contain prospective resources of 107 million barrels of oil equivalents."

According to the company, drilling of 16/1-25 S is aimed at testing the hydrocarbon potential in thin Jurassic/Cretaceous sandstone reservoir overlying porous fractured basement.

The Rolvsnes prospect is expected to contain prospective resources of 107 million barrels of oil equivalents (MMboe).

The well may have planned total depth of 2,275m below mean sea level, would be drilled using the semi-submersible drilling unit Bredford Dolphin.

Lundin expects the drilling operation to take around 45 days.

PL338C is operated by Lundin Norway with 50% working interest and the remaining partners are Lime Petroleum Norway holding 30% interest and OMV (Norge) with 20%.


Image: Lundin Norway started drilling the well using the semi-submersible rig Bredford Dolphin. Photo: © Lime Petroleum PLC.