Lundin Says Exploration Well On Ørnen Prospect Dry

Lundin Petroleum said Wednesday  that its wholly owned subsidiary Lundin Norway AS  has completed the drilling and evaluation of exploration well 7130/4-1 on the Ørnen prospect. The well is located in PL708, on the eastern parts of the Finnmark Platform in the southern Barents Sea. The well was dry and has been plugged and abandoned.

The main target consisting of Upper Permian spiculites and carbonates was encountered and cored, but the reservoir quality was poorer than expected. Sampling encountered only water with no indications of movable hydrocarbons.

The secondary target, Permo-Carboniferous carbonates, was encountered with minor hydrocarbon shows and poor reservoir characteristics.

Subsequently, the well was deepened into the third target, Lower Carboniferous sandstones (Soldogg Formation) encountering moderate to good sands with an uncommercial 5 metre gas column.

Extensive data acquisition and sampling was carried out including conventional coring and fluid sampling.

Exploration well 7130/4-1 is the first well drilled in PL708. The well was drilled to a total depth of 3,160 metres below mean sea level in a water depth of 288 metres.

The well was drilled with the semi-submersible drilling unit Transocean Artic and will be permanently plugged and abandoned.

Lundin Norway is the operator of PL708 with a 40 percent working interest. The partners are Edison Norge with 20 percent, Lukoil Overseas North Shelf with 20 percent, Lime Petroleum Norway with 10 percent and North Energy with 10 percent.