Lundin finds oil, but will abandon well
Norway The fourth well drilled in the block since 2006, 16/4-9 S reached depths of 2,305 metres at a 100-metre water level. An initial production test showed a flow rate of about 1,000 barrels of oil per day. Norwegian firm Dolphin Drilling’s semi-submersible rig Bredford Dolphin was used to drill the well, which will be “permanently plugged and abandoned,” according to a company press release.
Block PL 359 is operated by Lundin Petroleum’s subsidiary Lundin Norway with a 50-percent stake. Other partners in the block include Austria’s OMV Norge with a 20-percent share, and Norwegian multinational Statoil and German oil and gas company Wintershall Norge, each holding 15-percent interests.
Recent Posts
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium wins yet more FPSO work in Guyana
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore seals $350-million Gulf of Mexico deal
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More