Tests imply Lundin's Luno II discovery likely commercial

A group led by Lundin Petroleum AB’s Norway subsidiary has finished tests at the previously announced Luno II discovery on the southwestern flank of the Utsira high in the North Sea 15 km south of Lundin-operated Edvard Grieg field.

The 16/4-6S exploratory well in 101 m of water on PL359 flowed at more than 2,000 b/d of oil on a 48/64-in. choke with a gas-oil ratio of 1,100 scf/bbl and is likely to be commercial, the company said.

Lundin Petroleum estimates that the structure, believed to span two reservoir segments, contains a gross contingent resource of 25 million to 120 million bbl of oil equivalent as well as a gross prospective resource of 10 million to 40 million boe for the Luno II North segment. More prospective resources lie outside the two mentioned areas, the company said.

The discovery well is in the southern segment of the Luno II structure. The well proved the presence of a Jurassic-Triassic reservoir with a 45-m gross oil column and proved an oil-water contact at 1,950 m below mean sea level. The oil is saturated and in contact with a gas cap. The well proved a 280-m sand sequence with fair reservoir quality.

The contingent resources relate to the southern segment of the Luno II structure and the prospective resources to the northern segment.

Appraisal drilling in PL359 is being evaluated for later this year to further delineate the southern reservoir segment which at the high end of the resource range likely extends into PL410 east of PL359. The lower end of the contingent resource range only reflects the northern part of the southern reservoir segment directly proven by the well.

Lundin Norway AS has 40% interest in PL359, and Statoil Petroleum ASA and Premier Oil PLC has 30% each.

Lundin Petroleum is moving the Bredford Dolphin semisubmersible that drilled Luno II to the company operated PL501 for more appraisal drilling at the Johan Sverdrup discovery.

The 16/2-21 appraisal well is to be located in the central part of the discovery, previously referred to as the B location, with the objective to establish the depth, quality, and thickness of the Jurassic reservoir sequences. The closest well, 16/2-7, is 2.5 km east, and the 16/5-2S well is 3.8 km south, and the relatively long distances to the nearest wells reflects the size of the discovery, the company said.

Well 16/2-21 is expected to improve the understanding of the field outline, the resource base, and the reservoir characteristics in this area. This will, in turn, provide valuable information for developing a drainage strategy and the upcoming field development decisions at Johan Sverdrup expected in the fourth quarter of 2013.

Drilling time is estimated at 50 days to 2,050 m. This is the first of a three-well 2013 appraisal drilling campaign at Johan Sverdrup. Lundin Petroleum operates PL501 with 40% interest, Statoil Petroleum has 40%, and Maersk Oil Norway 50%.

Related Articles

BOEM publishes second final SEIS for 2008 Chukchi Sea lease sale

02/13/2015 The US Bureau of Ocean Energy Management published a fresh supplemental environmental impact statement for a Chukchi Sea federal oil and gas sale o...

Horn Petroleum to reduce Puntland exploration program

02/13/2015 Horn Petroleum Corp., Vancouver, BC, will reduce its presence in Bosaso, Puntland (Somalia), and will “refrain from any operational activity and as...

Groups object to White River National Forest draft leasing decision

02/12/2015 The Western Energy Alliance, West Slope Colorado Oil & Gas Association, and Public Lands Advocacy jointly filed a formal objection to the US Fo...

InterOil wins arbitration over rights dispute with Oil Search

02/11/2015 The International Chamber of Commerce arbitration panel in London has found in favor of InterOil Corp. in its battle with Oil Search Ltd. over pree...

Beach, Drillsearch make wet gas discovery in Cooper basin

02/11/2015 A joint venture of Beach Energy Ltd. and Drillsearch Energy Ltd. has made a wet gas discovery with its Ralgnal-1 wildcat well in retention lease 13...

MEO, Eni to exchange sections of Timor Sea permit

02/10/2015 MEO Australia Ltd., Melbourne, and Eni SPA—MEO’s joint-venture partner in the NT/P68 permit in the Timor Sea—have decided to split the permit betwe...

CNOOC signs two South China Sea PSCs with SK Innovation

02/10/2015 China National Offshore Oil Corp. Ltd. signed two production-sharing contracts with SK Innovation Co. Ltd., Seoul, for two blocks in the Pearl Rive...

Recent audit shows Trinidad and Tobago with 500 million bbl of 3P reserves

02/10/2015 An audit of Trinidad and Tobago’s oil and condensate reserves shows that the Caribbean twin-island nation has 508.4 million bbl of proved, probable...

Association presidents want more access in next 5-year OCS plan

02/09/2015 The presidents of three major US oil and gas trade associations urged the US Bureau of Ocean Energy Management to keep more of the US Outer Contine...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

When Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST



On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST


Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected