Lundin Norway, a wholly-owned subsidiary of Lundin Petroleum, has made oil discovery in exploration well 16/4-9 S on the Luno II North prospect in PL359 offshore Norwegian North Sea.
The 16/4-9 S has been drilled to a total depth of 2,305m, using the Bredford Dolphin semi-submersible drilling rig.
The company identified gross oil column of 23m in Jurassic/Triassic conglomeratic sandstones at the 16/4-9 S well, which is located on the southwestern flank of the Utsira High, 4km northwest of the Luno II discovery well 16/4-6 S.
Data acquisition and sampling, including conventional coring and fluid sampling have been completed.
The oil zone, which is producing at a rate of 1,000 barrels of oil per day through a 32/64" choke, has undergone one production test (DST).
Located in a water depth of 100m, the well will be permanently plugged and abandoned, the company said.
Lundin estimates the gross contingent resource of Luno II North discovery to be between 12 million and 26 million barrels of oil equivalents, and that of Luno II to range between 27 million and 71 million barrels of oil equivalents.
Lundin Norway operates PL359 with a 50% stake, while other partners include OMV (Norge) , Statoil Petroleum and Wintershall Norge with 20%, 15% and 15% respectively.