Lundin Petroleum AB (OMX:LUPE) (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), has completed the drilling of wildcat well 6405/12-1 on PL584. The well investigated the hydrocarbon potential of the Lindarormen prospect which is located 150 km northwest of Kristiansund on the Norwegian coast and approximately 80 km northeast of the Ormen Lange field.
The main objective of well 6405/12-1 was to test the reservoir properties and hydrocarbon potential of the Paleocene sandstones in the Rås Basin.
No reservoir sandstones were encountered in the primary objective. Shaly sandstones with poor reservoir quality but with high gas readings were encountered in the Late Cretaceous Shetland Group. The well is now being plugged and abandoned as a dry hole.
Key data points: The growth forecast = 5.0% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in tight gas market to 2031 by type (processed tight gas and unprocessed tight gas), application (residential, commercial, industrial production, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesThe well was drilled to total depth of 3,305 metres below mean sea level using the drilling rig Bredford Dolphin.
Lundin Norway is the operator and has a 60 percent working interest in PL584. Bayerngas Norge is partner with a 40 percent working interest.
