Aker BP and partners made a minor discovery in the Mugnetind well in production license (PL) 906 in the Southern North Sea. Based on preliminary estimates, the Mugnetind discovery contains recoverable resources of 5-11 MMboe, which is not considered to be commercial in isolation. The well will be plugged.
Mugnetind was drilled on a seismic anomaly, which had been identified predrill as either a hydrocarbon filled reservoir or coal. Exploration well 7/11-14 S encountered hydrocarbons in the Upper Jurassic Ula formation which was reached at a vertical depth of 3,985 m below sea level and consisted of a 28 m gross section with 14 m net sandstone of moderate to good quality. The reservoir section in Mugnetind is thinner than predicted with a thick coal layer immediately under the reservoir.
Helge Hammer, chief executive of license partner Longboat Energy Norge AS, said that while the company is disappointed the prospect has come in below pre-drill expectations, it will continue to “review opportunities in the area and the potential for finding a commercial development solution.”
Longboat plans to continue a fully funded well program with Ginny-Hermine expected later in 2021 and the Kveikje and Cambozola wells spudding in spring 2022.
Aker BP ASA is operator at PL906 (60%) with partners DNO Norge AS (20%) and Longboat Energy (20%).