19 October 2015, News Wires – Lundin Petroleum has set the ball rolling on a wildcat being drilled at the Rolvsnes prospect off Norway in an effort to find more resources near its under-development Edvard Grieg field in the North Sea.
The Swedish explorer is targeting gross unrisked prospective resources of 107 million barrels of oil equivalent with the 16/1-25S probe being drilled by semi-submersible Bredford Dolphin in Lundin-operated production licence 338C.
Lundin is looking to prove up additional discoveries in the prolific Utsira High play 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 well is being drilled in a water depth of 106 metres, about six kilometres south of the Edvard Grieg field that is due online in the fourth quarter, and will test athin Jurassic/Cretaceous sandstone reservoir overlying a porous fractured basement, according to Lundin.
It 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 holds a 50% operating stake in PL338C, with partners Lime Petroleum and OMV on 30% and 20%, respectively.