Lundin Petroleum is targeting further resource potential in the mature part of Norway’s North Sea after spudding a wildcat at the Vollgrav South prospect.
The 33/12-10S well is being drilled by semi-submersible Bredford Dolphin in Lundin-operated production licence 631, with the prospect estimated to hold gross prospective resources of 57 million barrels of oil equivalent, according to the Swedish explorer.
The probe aims to test reservoir properties and hydrocarbon resource potential of Upper Jurassic sandstones that are said to be analogous to the earlier Borg discovery, which forms part of the Tordis field to the north.
It is being drilled to a targeted total depth of 3050 metres at a location between the giant Gullfaks and Statfjord fields in the northern North Sea, about 150 kilometres off the west coast of Norway, and has an estimated duration of 55 days.
The Norwegian Petroleum Directorate said in a statement issued after the well had been spudded that Lundin had been granted a drilling permit for the probe, the first to be drilled in the licence.
Lundin holds a 60% operating interest in the licence, with partners Bayerngas and Fortis Petroleum on 30% and 10% respectively.
The Swedish player has a track record of making landmark discoveries in Norway’s mature play, having unearthed the Avaldsnes – now part of Johan Sverdrup – and Luno finds in the prospective Utsira High area.