The company has drilled appraisal well 16/1-18, 2.4km east of the Edvard Grieg production platform.
The well has been drilled with an aim to appraise the reservoir properties in the south eastern part of the Edvard Grieg field while optimizing the drainage strategy and drilling of production wells the area.
Oil bearing conglomeratic sandstone sequence dated late Upper Jurassic has been encountered at around 62m of the well while the reservoir sequence was cored and an extensive logging program has been acquired.
Lundin Petroleum President and CEO Ashley Heppenstall said that the Edvard Grieg appraisal well provided encouraging results in with regards to the quality of the conglomeratic reservoir which is much better than seen in other wells.
"This provides upside in relation to the resource contribution from this reservoir where we previously assumed low recovery factors," Heppenstall added.
"The lack of sandstone reservoir at this location is however disappointing. At this stage I expect the impact on Edvard Grieg resources to be neutral with upside remaining from the conglomeratic reservoir."
Drilled to a vertical depth of 2,361 metres below mean sea level (MSL), the appraisal well 16/1-18 terminated in the Granitic basement and will be permanently plugged and abandoned.
