Lundin spuds Fosen prospect
STOCKHOLM, January 25, 2016 – Drilling has begun on well 16/4-10 on the Fosen prospect, Sweden’s independent Lundin Petroeum announced Monday.
The semi-submersible Island Innovator will test the hydrocarbons potential of Jurassic sandstones found in the Utsira High on the Norwegian Continental Shelf under the North Sea. Drilling will continue to a total depth of 2,500 metres and is expected to take 50 days. The prospect contains estimated resources of 192 million boe.
The well is located 27 km south of Lundin’s producing Edvard Grieg field and 11 km south of its August 2015 Luno 2 discovery. A subsea tie-back to the Edvard Grieg platform would be possible if the well is successful.
Lundin is the operator of the project with 40% interest. Norway’s oil and gas firms Lime Petroleum Norway and Bayerngas Norge share the remainder of the stakes with 30% interest each.