Lundin Confirms Extension of Avaldsnes Field

28 June 2011 (Last Updated June 28th, 2011 18:30)

Lundin Norway has made a new oil discovery from first appraisal well 16 / 3-4, confirming the extension of the Avaldsnes field. The 16 / 3-4 well was drilled to the south-east of the 16 / 2-6 discovery well in PL501 on the Norwegian Continental Shelf. Lundin drilled the well

Lundin Norway has made a new oil discovery from first appraisal well 16 / 3-4, confirming the extension of the Avaldsnes field.

The 16 / 3-4 well was drilled to the south-east of the 16 / 2-6 discovery well in PL501 on the Norwegian Continental Shelf.

Lundin drilled the well using semi-submersible drilling rig Bredford Dolphin and encountered a 13.5m sandstone column.

The data acquired shows that the field has an average porosity of approximately 30% and multi-Darcy permeability.

The average production rate was in excess of 5,500 barrels of oil equivalent per day through a restricted choke size of 60 / 64in.

Lundin will now sidetrack the well to confirm the lateral continuity of the reservoir towards the west, and then plug and abandon it.

Drilling on the second appraisal well on Avaldsnes 16 / 2-7 will start immediately after the 16 / 3-4.

The Avaldsnes field is operated by Lundin Norway, which has a 40% interest, along with Statoil Petroleum and Maersk Oil Norway, which hold 40% and 20% interests, respectively.