News oil find in the Norwegian North Sea


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Monday, 08 August 2011
Swedish Oil and gas company Lundin Petroleum, has found new oil in the Norwegian North Sea.
The company announced that the drilling of exploration/appraisal well 16/2-8 on the Aldous South prospect in PL265 in the Norwegian North Sea has resulted in a significant oil discovery. The discovery is most likely an extension of the Avalsdnes discovery made by Lundin Petroleum in PL501.

The well will be drilled to a vertical depth of 2,083 metres in water depths of 112 metres and is located 4 km to the west of the Avaldsnes discovery well in PL501 where Lundin Petroleum is the operator with a 40 percent interest.

The well encountered a gross oil column in excess of 65 metres in sandstone of Jurassic age. The initial data acquisition program has confirmed excellent reservoir characteristics with a high net to gross ratio and the same oil- water contact as the Avalsdnes discovery well proving likely communication between the two structures.

The acquisition of a comprehensive data set and samples is ongoing. Preliminary calculations of the size of the discovery made by operator Statoil are between 200 and 400 million barrels of gross recoverable oil equivalent which excludes the Aldous Major North structure to the north and additional potential within parts of the Aldous Major South structure to the south.
by Team

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