Discovery on Trend with Johan Castberg
On February 13, 2017 Lundin announced that Filicudi (NFW 7219/12-1) in PL533 in the Norwegian Barents Sea had encountered a gross hydrocarbon column of 129m, intercepting a 63m oil column and a 66m gas column in the target Jurassic Stø and Nordmela Formations and in a Triassic secondary objective. Wireline logging and coring was undertaken, and a sidetrack has confirmed reservoir and hydrocarbons, with the sandstones described as being of high reservoir quality. As a result, the gross resource estimate for Filicudi is 35–100 MMboe, with Lundin reporting a significant upside potential that will require further appraisal drilling. The pre-drill mean prospective resource estimate was about 260 MMboe.
Filicudi was spudded on November 25, 2016 and reached TD at 2,500m by January 16, while appraisal sidetrack 7219/12-1A kicked off from 654m MD on January 22, and TD’d at 2,026m by February 14, 2017. The Leiv Eiriksson semi-sub was used in 323m water depth.
PL533 is on trend with and about 40 km south of the Johan Castberg field, which has proven volumes in the region of 400 and 650 MMbo, and 30 km north-west of the Alta and Gohta discoveries on the Loppa High in the southern Barents Sea. One well has already been drilled on the license, the Salina NFW (7220/10-1) which in 2012 discovered gas and condensate in the Early Cretaceous Knurr and Middle Jurassic Stø Formations, with estimated recoverable resources of 31–44 MMboe. Success at Filicudi has derisked other prospects in PL533, which has total gross unrisked prospective resource potential of up to 700 MMboe. Lundin plans to spud high-graded prospect Hufsa, which has gross unrisked prospective resources of 285 MMboe, in Q4 2017, with Hurri also being evaluated for near-term exploration drilling. Licensees are operator Lundin Norway AS (35%), Aker BP ASA (35%), and DEA Norge AS (30%).
