Lundin to proceed to North Sea well following Barents Sea dry hole

Lundin Energy Norway AS will move the West Bollsta semisubmersible drilling rig to its operated Segment D prospect in PL359, adjacent to the Solveig subsea tieback development on the Utsira High area of the North Sea, after drilling a dry hole in PL533B in the southern Barents Sea.

The rig move will follow completion of exploration well 7219/11-1, which targeted the Bask prospect, northwest of the Alta discovery. The well was drilled 35 km northwest of Alta and due south of Johan Castberg field. The main objective was to prove hydrocarbons in Paleocene aged sandstones. The targeted formation contained poorly developed reservoir, and although traces of hydrocarbons were found, it is not considered commercial. The well is dry.

West Bollsta will drill well 16/4-13S targeting Permian and Triassic aged sandstones, like those found at Solveig. If successful, development will be via tie-in to the Solveig subsea facilities.

Lundin Energy Norway is a subsidiary of Lundin Energy and is operator of PL533B (40%) with partners AkerBP ASA (35%), and Wintershall DEA Norge AS (25%).