Lundin Petroleum AB has spudded an exploration well on the Rolvsnes prospect, south of the Edvard Grieg field in the Norwegian part of the North Sea.
The Swedish oil and gas company on Friday announced that its wholly owned subsidiary Lundin Norway AS has started drilling of exploration well 16/1-25 S on the Rolvsnes prospect in PL338C. The well is located approximately 6 km south of the Edvard Grieg field.
According to Lundin, the well 16/1-25 S will explore the Rolvsnes area, located between the Edvard Grieg field and the Luno II discovery.
The main objective of well 16/1-25 S is to test the hydrocarbon potential in thin Jurassic/Cretaceous sandstone reservoir overlying porous fractured basement. Lundin says it estimates the Rolvsnes prospect to contain gross unrisked prospective resources of 107 million barrels of oil equivalents (MMboe).
The planned total depth is approximately 2,275 metres below mean sea level using the semi-submersible drilling rig Bredford Dolphin. The drilling is expected to take approximately 45 days.
Lundin Norway is the operator of PL338C with 50 percent working interest. The partners are Lime Petroleum Norway AS with 30 percent and OMV (Norge) AS with 20 percent working interest.