09 September 2015, News Wires – Lundin Petroleum has secured a permit from the authorities to drill a wildcat at the Rolvsnes prospect to the south of its under-development Edvard Grieg field in the Norwegian North Sea.
The Swedish explorer is now ready to drill the 16/1-25S probe using semi-submersible Bredford Dolphin in a water depth of 106 metres in Lundin-operated production licence 338C, having already gained safety clearance.
The well, scheduled to be drilled in mid-September at the earliest, will be sunk to a planned total depth of 2300 metres and has an estimated duration of 45 days if it proves dry or up to 91 days if a discovery is made that would entail testing and a possible sidetrack.
Lundin is looking to prove up additional discoveries that potentially could be tied back to the Edvard Grieg platform, thereby boosting project economics, having recently made a minor oil find at Luno 2 North farther south.
The compay holds a 50% operating stake in PL338C, with partners Lime Petroleum and OMV on 30% and 20%, respectively.