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Lundin starts drilling appraisal well on Norway' s Johan Sverdrup

Lundin Petroleum said it had started drilling appraisal well 16/2-16 on the giant North Sea discovery Johan Sverdrup.Drilling is in the northeastern part of the discovery, to discover the depth, quality and thickness of the oil reservoir.

The well is 3 km away from well 16/2-13A in production license 501 and well 16/2-10 in production license 265, which both established excellent reservoir and deeper oil water contacts than other wells in the discovery. 

A limited oil column is expected, as the well is located on the flank of the discovery. The planned total depth of the well is about 2,250 metres below the sea level, and it will be drilled by the semicsubmersible drilling rig Transocean Winner.The operation is expected to take about 50 days. The Johan Sverdrup discovery, proven in 2010, is estimated to contain at least 1.8 bboe, according to the Norwegian Petroleum Directorate.

Lundin is expected to release new estimates of the size of Johan Sverdrup in early 2013.Johan Sverdrup is spread between production licenses 501 and 265 on the Norwegian continental shelf.

Statoil said earlier this month that it had drilled its ninth well in production license 265, showing very good reservoir quality.

Lundin Petroleum is the operator of production license 501 with a 40% stake. Statoil subsidiary Statoil Petroleum has a 40% stake and Maersk Oil Norway holds 20%.

Dow Jones Newswires

11/15/2012

 

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