Lundin Norway has completed the drilling and logging of appraisal well 16/1-23 S in the Norwegian offshore region.

Located in PL338, the well was drilled 2.4km south-east of the Edvard Grieg platform location in the Norwegian North Sea.

The drilling done to a vertical depth of 2,043m below the sea surface was aimed at further delineating the south-eastern part of the field south-westwardly from successful appraisal well 16/1-18 of 2014.

According to Lundin, the well 16/1-23 S encountered a 66m gross oil column in pebbly sandstone with medium to good reservoir quality.

"The low incremental cost of developing such barrels will add value to the Edvard Grieg asset."

The company will use the positive well results to optimise the drainage strategy, as well as to determine the best possible location for production wells in the area.

Lundin Petroleum president and CEO Ashley Heppenstall said: "The Edvard Grieg south-east appraisal well has been successful. This well, together with last year’s appraisal well in the same area of the field, will in my opinion result in an increase to the Edvard Grieg reserves at the end of this year.

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"The low incremental cost of developing such barrels will add value to the Edvard Grieg asset."

The well is the tenth exploration/appraisal well in PL338, and was terminated in granite basement after completion of drilling. It will be permanently plugged and abandoned.

Rowan Viking jack-up rig was used to drill the well and will return to the Edvard Grieg platform to continue drilling of production and injection wells.

Lundin Norway has 50% working interest in PL338 and operates it.

Other partners in the licence are OMV Norge (20%), Statoil Petroleum (15%) and Wintershall Norge (15%) interest.