Lundin found between 25 million and 60 million barrels of oil equivalent in the Neiden prospect, about 20 kilometres east of Johan Castberg and 60 kilometres northeast of Lundin’s operated Alta discovery.
The probe revealed a column with 21 metres of oil and 10 metres of gas pay in a good-quality Permian carbonate reservoir in the Orn formation.
A separate target in the Triassic Snadd formation showed moderate to good reservoir properties, but was water-bearing, according to the Norwegian Petroleum Directorate.
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