STOCKHOLM, Sweden – Lundin Norway expects to spend $115 million this year on exploration drilling in the Norwegian sector.
The line-up includes four wells (as partner) in the southern Barents Sea. One will be on the Svanefjell prospect in license PL659; another on Shenzhou in PL722; and two in the southeastern Barents area on permits awarded underNorway’s 23rd licensing round.
One of these wells will target the deeper horizons of the Korpfjell prospect in PL859, and the other the shallow horizons of Gjøkåsen in PL859.
Elsewhere, Lundin plans to participate in drilling of the Lille Prinsen prospect in PL167 in the Utsira High region of the North Sea; on Frosk in PL340 in the Alvheim area (currently drilling); on Rungne in PL825; and on the Mandal High prospect in PL860.
The company’s $135-million appraisal drilling line-up is as follows: two operated wells in the Utsira High area, comprising one on the Luno II discovery, where a success would lead to development planning; and one horizontal appraisal well and testing at Rolvsnes, which could de-risk the potential in the larger basement high area.
Both structures Luno II and Rolvsnes are potential subsea tiebacks to the company’s Edvard Grieg production complex.
In addition, Lundin will commission an extended test of theAlta oil discovery in the southern Barents Sea, which involves drilling a horizontal production well and producing to a tanker for up to two months, the aims being to reduce uncertainty around the recovery mechanism and provide the basis for development studies.
The 2018 appraisal budget also includes expenditure on front-end engineering design and PDO studies forJohan Sverdrup Phase 2 in the North Sea.