Lundin Petroleum Norway’s subsidiary has made an oil and gas discovery in the Filicudi prospect in the southern Barents Sea offshore Norway.
The wells are located in PL533 approximately 40 km southwest of Johan Castberg and 30 km northwest of the Alta and Gohta discoveries on the Loppa High in the southern Barents Sea.
The well encountered a gross 129 metres hydrocarbon column of high quality sandstone reservoir characteristics, with 63 metres of oil and 66 metres gas in the Jurassic and Triassic targets.
The firm said in a statement that they have carried out extensive data acquisition and sampling including coring, logging and oil and gas sampled from the wireline tools. The sidetrack well has reached total depth and has confirmed the reservoir and hydrocarbon column. The gross resource estimate for the Filicudi discovery is between 35 and 100 million barrels of oil equivalents (MMboe).
Filicudi is on trend with the Johan Castberg discovery, with resources of approximately 500 MMboe, in similar reservoir intervals.
Multiple additional prospects have been identified on the Filicudi trend within PL533 with total gross unrisked prospective resource potential for the trend of up to 700 MMboe. The partnership is considering the drilling of up to two additional prospects in 2017.
Lundin Petroleum believes that the success at Filicudi has reduced the risk and both prospects carry a 25 per cent chance of success.
Lundin Norway is the operator of both PL533 and PL492 and holds a 35 per cent and 40 per cent working interest in these respective licences.