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Image courtesy of Lundin Petroleum/Flickr.

Lundin Petroleum announced Wednesday that it successfully encountered an oil pay zone at its appraisal well 16/1-23 S at the Edvard Grieg field in the Norwegian North Sea.

The well, located in PL338, was drilled by Lundin Norway to a vertical depth of 6,702 feet below the sea surface and terminated in granite basement.

Well 16/1-23 S is located about 1.49 miles southeast of the Edvard Grieg platform in water depths of 354 feet.

“The objectives of the well were to further delineate the southeastern part of the Edvard Grieg field southwestwardly from last year’s successful appraisal well 16/1-18 in order to optimize the drainage strategy and to determine the best possible location for production wells in this area,” Lundin said.

The well was also testing incremental resource potential in this part of the field.

The well encountered a 216 feet gross oil column in pebbly sandstone with “medium to good reservoir quality.”

Extensive data acquisition and sampling is currently ongoing.

Lundin said that initial data results appear to be “very promising with regard to additional in-place volumes.”

“The integration of these positive well results will be used to optimize the drainage strategy and to determine the best possible location for production wells in this area,” the company added.

The well will be permanently plugged and abandoned.

“The Edvard Grieg southeast appraisal well has been successful. This well, together with last year’s appraisal well in the same area of the field, will in my opinion result in an increase to the Edvard Grieg reserves at the end of this year. The low incremental cost of developing such barrels will add value to the Edvard Grieg asset,” president and CEO of Lundin Petroleum Ashley Heppenstall.

The well was drilled by the jack-up rig Rowan Viking that will return to the Edvard Grieg platform to continue drilling of production and injection wells.

Lundin Norway is the operator of PL338 with a 50 percent working interest.

The partners are OMV Norge AS with a 20 percent working interest, Norway’s Statoil Petroleum AS with a 15 percent working interest and Germany-based Wintershall Norge AS with a 15 percent working interest.