Swedish explorer gains well permit in Barents Sea

Silhouette of oil platform in sea against moody sky at sunset24 June 2014, News Wires – Swedish explorer Lundin Petroleum is poised to spud a wildcat at a new Barents Sea prospect off Norway later this summer after securing a well permit from the authorities.

The Swedish explorer will use semi-submersible Island Innovator to drill the 7220/11-1 well at the Alta prospect, located just to the north-east of its earlier Gohta discovery in the frontier Arctic play where the same rig is currently drilling an appraisal.

The latest probe will be the first to be drilled in Lundin-operated production licence 609, with the prospect carrying a pre-drill estimate of 261 million barrels of oil equivalent.

The drilling operation was originally scheduled to start in July but the spud date is dependent on when the ongoing Gohta appraisal is completed.

The well at Alta will target hydrocarbon potential in primary objectives in the Kobbe and Eagle formations in a water depth of 388 metres, with an expected duration of 60 days in the event of a discovery though this could be extended to include a sidetrack and testing.

Lundin is operator of the licence with a 40% stake, with partners Idemitsu and RWE Dea on 30% each.

– Upstream

About the Author