Lundin lowers resource estimate for Luno II discovery

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has drilled appraisal well 16/4-8 S in the Luno II discovery 15 km south of Edvard Grieg oil field offshore Norway in the North Sea, proving 30 m of gross oil pay and flowing 450 b/d on a drillstem test through a 28/64-in choke.

The well was drilled 4 km southeast of discovery well 16/4-6 S to a total depth of 2,700 m below mean sea level in 100 m of water, encountering 500 m of Jurassic-Triassic sandstone (OGJ Online, Apr. 8, 2013). Pressure data indicated a barrier toward the discovery well.

Lundin says reservoir properties were lower than expected in this part of the structure. The gross contingent resource range for Luno II is now estimated at 27-71 million boe, down from the 25-120 million boe originally estimated following the discovery (OGJ Online, May 6, 2013).

The well, which was drilled using Dolphin Drilling Ltd.’s Bredford Dolphin semisubmersible drilling rig, will be permanently plugged and abandoned. The rig will move on to drill exploration well 33/12-10 S targeting the Vollgrav South prospect in PL631 operated by Lundin Norway.

Appraisal well 16/4-8 S is the third well drilled in PL359, awarded in 2006. Following the closing of recent interest transactions involving Wintershall Norge AS, OMV (Norge) AS, and Premier Oil PLC, Lundin Norway will hold 50% interest in the license (OGJ Online, July 7, 2014). OMV Norge AS will hold 20%, Statoil Petroleum ASA 15%, and Wintershall Norge AS 15%.

Related Articles

AU Energy to acquire Tullow Netherlands unit

09/05/2014 AU Energy BV, a subsidiary of Mercuria Energy Group Ltd., has agreed to acquire Dutch operated and nonoperated L12/L15 block interests and nonopera...

Statoil signs farm-in deals with Repsol for offshore Colombia

09/04/2014

Statoil AS has signed farm-in agreements with Repsol for two licenses offshore Colombia.

Ryder Scott: Trinidad and Tobago’s gas reserves fell in 2013

09/03/2014 Trinidad and Tobago’s proved natural gas reserves declined from 13.106 tcf in 2012 to 12.24 tcf in 2013. This is according to the latest survey of ...

Pemex lets contract for offshore survey

09/03/2014 Mexico’s Petroleos Mexicanos (Pemex) has let a $31.5 million contract to Fugro for an offshore multisite, high-resolution geophysical and geotechni...

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