Successful well test on Rolvsnes opens up a larger potential
Lundin Norway has conducted a successful well test over a ten-day period on Rolvsnes in the North Sea. The test confirms a completely new exploration concept on the shelf, and shows that we can produce oil and gas from fractured and weathered basement rocks.
Lundin Norway is acquiring an unprecedented volume of environmental data from the seabed in connection with exploration drilling in the Barents Sea. The information that has been collected indicates that there is no negative impact on the ecosystems from the drilling activity.
200 million years ago, the area where the Edvard Grieg field is located today was a barren desert landscape. Several major floods carried enormous volumes of mass down the hillsides and created an alluvial fan deposit in the valley. The result of the flood destruction became a good conglomerate oil reservoir.
The Norwegian Petroleum Directorate (NPD) presented the 2018 Resource Report this week. It shows that there still are plenty of resources to explore for on the Norwegian shelf. And the exploration is profitable.
Lundin's production set to double with Johan Sverdrup
Lundin Norway will double current production levels thanks to the Johan Sverdrup development. “This field alone will lay the foundation for our strong production growth for the coming years,” says Managing Director Kristin Færøvik.
Testing a new reservoir type in the southern Barents Sea
Lundin Norway has started drilling operations for an extended well test on the Alta discovery in the southern Barents Sea - testing a completely new type of oil reservoir on the Norwegian shelf, consisting of karstified carbonates. A successful outcome will provide important information to progress field development planning and could significantly increase the resource potential in the Barents Sea.