Norway: Lundin Barents well needs further evaluation

A unit of Lundin Petroleum AB, Stockholm, said further geophysical and geological studies are needed to clarify the potential in the Juksa target at its 7120/6-3 S well on PL490 in the Barents Sea offshore northern Norway.

The well, 10 km northwest of Snohvit field, targeted two levels on the Snurrevad-Juksa prospect. The main objective was to prove the presence of hydrocarbons in Lower Cretaceous-Upper Jurassic reservoirs.

Preliminary analysis of a cored section of the reservoir indicate thin oil-bearing sands in a zone 8-9 m thick at the top of a 25-m Lower Cretaceous sand sequence. No reservoir was found to be present in the Snurrevad target.

The Transocean Arctic semisubmersible drilled the well to 2,993 m below mean sea level in 330 m of water. Lundin Norway AS is operator of PL490 with 50% interest. Spring Energy Norway AS has 30% and Norwegian Energy Co. ASA 20%.