POST Online Media Lite Edition



 

Lundin makes two oil discoveries off Norway

Christian Fernsby |
Lundin has made two oil discoveries in exploration wells 16/1-31 S (Jorvik) and 16/1-31 A (Tellus East) on the eastern edge of the Edvard Grieg field in PL338 on the Utsira High off Norway.

Article continues below




Lundin received consent for exploration drilling and testing of wells 16/1-31 S and 16/1-31 A in the North Sea using the Leiv Eiriksson as well as a drilling permit in January 2019.

At Jorvik, the well encountered oil in 30 meters of conglomerate reservoir of Triassic age with a thin, high quality sandstone above, Lundin said on Thursday.

After extensive coring and data collection, the well was tested at an anticipated low rate of around 130 bopd in the conglomerate interval and pressure measurements show that the area is in communication with the Edvard Grieg field. This combination of conglomerate and sandstone reservoir types are also found on the southern and eastern part of Edvard Grieg and a horizontal production well in the Jorvik area of the field, is expected to flow at commercial rates.

At Tellus East, the well encountered a gross oil column of 60 meters in porous, weathered basement reservoir. Extensive data acquisition was carried out including coring, logging and oil sampling. The Tellus area on the northern edge of the Edvard Grieg field, is currently producing from two horizontal production wells that have contribution from porous, weathered basement reservoirs and the Tellus East discovery gives further confidence in the basement potential in this area of the Edvard Grieg field.

According to Lundin, the combined gross resources of Jorvik and Tellus East are estimated to be between 4 and 37 million barrels of oil equivalent (MMboe). Both Jorvik and Tellus East can be developed with wells from the platform, which will be evaluated in parallel with other infill targets and tie-in opportunities in the area, to optimize the utilization of the available processing capacity on the facility.

The dual branch Jorvik/Tellus East well was drilled four kilometers northeast of the Edvard Grieg platform, by the Leiv Eiriksson semi-submersible drilling rig. Lundin Norway is the operator of PL338 with a 65 percent working interest. The partners are OMV with 20 percent and Wintershall DEA with 15 percent.

The Leiv Eiriksson rig will stay in the Utsira High area to drill a number of shallow gas pilot wells as part of the Solveig development project before moving to drill the Goddo exploration well 16/5-8S in PL815. Goddo will test the extension of the Rolvsnes weathered basement oil discovery into the adjacent license, where the combined area is estimated to contain gross potential resources of more than 250 MMboe.

Rolvsnes/Goddo located to the south of the Edvard Grieg field is targeting the same porous, weathered basement reservoir currently being produced from the Tellus area of Edvard Grieg.


What to read next

Denison Mines: chairman James W. Gill has stepped down
Conventional oil discoveries outside North America decline further
Lundin Petroleum to sell FPSO Bertam for $265 million

Iraq says power link with Jordan ready

 
Iraq said Saturday that an electricity grid interconnection with Jordan has been completed.
 
 

Latest

England begins enforcing ban on single use plastics
Azeem Baig joins OPLOG
50Hertz signs €4.6B contracts for high performance cables
Dutch King inaugurates Vattenfall’s 1.5 GW offshore wind farm

NEWS

At least eight killed in heavy rain and lightning in India

More seaborne cigarette smuggling foiled in Hong Kong
Bulgaria: Energy workers, miners continue protests on Sunday, demand Energy Minister's resignation
IAF helicopter makes emergency landing in Bhopal after technical glitch
Plane crash kills 6 in Zimbabwe
U.S.: Heavy rain in Florida; dry, windy conditions in Central Rockies
 

BUSINESS

Indonesia launches Whoosh high speed railway

Serbia gets €25 million EBRD loan to upgrade rail infrastructure
Federal Railroad Administration presents $23.7m grant to Tennessee Department of Transportation
£4 billion UK contracts progresses AUKUS submarine design
Highlights: September 25, 2023 - September 29, 2023
3 cargo vessels left Ukrainian ports, 4 new ones to arrive
 

Trending Now

When you fail on a job interview, do what actors do

Mercedes-Benz vehicle preparation center inaugurated in Mexico

Export of Filipino avocados to South Korea began

Grupo Aeroportuario del Pacífico buys real estate company on Tijuana Airport


POLITICS

Argentina and Paraguay work to resolve waterway dispute

U.S. sets aside $500 million in grants for smaller chip suppliers
New Zealand to add 100 new public EV chargers to national network
California Governor: We don't have money for striking workers' checks
Foreign Ministry: Africa interested in placement of Ukrainian arms production on its territory
Ontario raising minimum wage October 1
 

Today We Recommend

France’s Le Maire says EU must stop aiding China, U.S. factories


Highlights 

Northvolt to open battery facility in Quebec, create up to 3,000 jobs

AGCO will acquire an 85% interest in Trimble’s portfolio for $2.0 billion

Nel Hydrogen to build gigafactory in Plymouth Township bringing 517 jobs to Michigan


COMPANIES

New Zealand customers refunded nearly $480k in settlement with ComCom

MedAlliance acquired by Cordis for up to USD 1.135 billion
Future Motion recalls 300,000 electric skateboards after four deaths
Galveston Wharves: $42.3 million in state funding for cargo projects
CakeBoxx Technologies and Serco to address shipping lithium ion batteries problem
Mercedes-Benz vehicle preparation center inaugurated in Mexico
 

CAREERS

Inalfa Roof Systems Group appoints Georges Andary as new CEO

AAX Biotech names new CEO
65 Equity Partners appoints two senior partners
Krank appoints David McCarthy as global head of sales
Lithium Energi Exploration appoints Jason Nalewanyj as CFO
High Liner Foods appoints Paul Jewer as interim CEO
 

ECONOMY

Albania GDP up 3.23 pct YoY in Q2

Canada's economy stalls in July
IMF expects China to meet 2023 growth target
Bahrain imports rise 3% to $1.4 billion
Vietnam's GDP up 5.53 pct in Q3
Germany: Import prices 16.4% lower in August 2023 compared with August 2022
 

EARNINGS

AllianceBernstein Q3 net assets $355,617,637

Carnival Q3 income $1.07 billion
Natuzzi Q2 revenue €83.5 million
Accenture Q4 revenues $16.0 billion
CarMax Q2 revenues $7.1 billion
BlackBerry Q2 revenue $132 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Bulgaria bans imports of sunflower seeds from Ukraine until December

Deer farmer in New Zealand fined $12,000 for not tagging 278 NAIT animals
Malaysia striving for self sufficiency in onion production
Export of Filipino avocados to South Korea began
Half of food products in Spain become more expensive despite price caps
Hundreds of Dutch farms grappling with bluetongue virus
 

LEADERSHIP

When you fail on a job interview, do what actors do

Handsome bank CEOs can earn a million more than their less attractive colleagues
Investors less likely to sell losing stocks when entire portfolio is at loss
How managers can encourage employees to share their best ideas
More than 50% of software leader roles will explicitly require oversight of generative AI
Gartner survey: Half of candidates accepted job offer and backed out before starting
 

CRIME

Goldman Sachs to pay $3 million to settle CFTC charges

Albemarle to pay SEC more than $103 million to settle FCPA violations
SEC charges Electric Vehicle for misleading revenue projections ahead of SPAC merger
Exelon to pay $46.2m penalty to settle SEC fraud charges
Dufresne to pay $3.25 million penalty to settle Competition Bureau Canada concerns over marketing claims
New York judge found Donald Trump liable for fraud, effectiely kills his business in state
 

Magazine

TRAVEL

500 exhibitors coming to Watch and Jewellery Middle East Show

Iconic Buffalo Roundup in South Dakota
Urban(R)Evolution, celebration of graffiti art
151 room Taj the Trees hotel opens in Mumbai
Festival of films made by kids returns to Blatimore, Md.
World's glass blowing artists will come to Jack Pine Glass Pumpkin Festival
 

SEA, LAND, AIR

Bentley Bentayga, ultimate luxury and chiropractor

Indian Chief, homage to glory days of American motorcycling
Ares Modena S1 is real take on Corvette
Toyota to launch new Century in Japan
Alfa Romeo 33 Stradale, pure beauty with 750 hp
Grand Soleil 40, fast and responsive boat
 

DESIGN

What to do and what not to do when designing your living room

Yves Delorme, luxury linen for kings and you
Graff, obsession with perfection
Ballerina kitchens, the dance of style and function
Big ideas for small interiors
How to choose colors for your walls
 

GADGETS

Hegel H600, powerhouse 303 watts amplifier

Tecno Phantom flip phone, great device you shouldn't touch
HP Spectre Foldable PC, interesting laptop but $5000 for it is way too much
Deutsche Telekom Fairphone 5, sustainable and ethical smartphone you can repair yourself
Canon MS-500, ultra sensitive camera for professionals
Nikon Z 8, full frame mirrorless camera for professionals
 

HEALTH

Research shows PFAS exposure may delay girls' puberty

Dengue vaccine tests successful for first time in Bangladesh
Large study confirms Tetris helps women after traumatic birth
EMA recommends non-renewal of authorisation of multiple myeloma medicine Blenrep
Iran breaks U.S. monopoly in production of stroke medication
GSK’s Arexvy RSV vaccine approved in Japan for adults aged 60 and above
 

MEANTIME

European countries smash September temperature records

Indian spacecraft heads towards center of solar system
China unveils its Moon plans
Milky Way mass much smaller than expectations from cosmology
CERN says antimatter responds to gravity
Arctic sea ice sixth lowest on record