Spudded on the 10th of October, 7/11-14S operated by Aker BP has turned out to be the third consecutive find for partner Longboat Energy (20%) after Rødhette in the Barents Sea and Egyptian Vulture in the Norwegian Sea.
With the third partner in the well being DNO (20%), it means that some members of the former Faroe management and who now form Longboat are sitting round the table with the company that acquired Faroe in 2018. In that sense, this well is full circle for some on the Longboat team.
Attend the NCS Exploration Strategy Conference in Stavanger – 17-18 November – and hear from Aker BP and Longboat how their exploration efforts are taking shape and what is in the pipeline for the months to come.
In a press release issued on the 29th of October, Longboat Energy does confirm a discovery in 7/11-14S, albeit a minor one. The well targeted an Upper Jurassic sandstone of the Ula Formation on a Zechstein salt diapir situated on the Cod Terrace. The diapir was already tested in 1982 through well 7/11-6, but as the cross-section shown below illustrates, the well seems to have drilled the Ula Fm on the wrong side of the fault.
7/11-14S did encounter hydrocarbons in the Ula Formation in a 28 metre gross section with 14 metre net sandstone. According to Longboat, this is thinner than expected. In addition, a coal was found immediately beneath the reservoir, which was one of the expected scenarios pre-drill.
Based on the operator’s preliminary estimates, the Mugnetind discovery contains recoverable resources between 5 and 11 MMboe, which is not considered to be commercial in isolation. Longboat’s pre-drill estimates ranged from 24 MMboe to 47 MMboe gross mean.
HENK KOMBRINK
The cross-section (pre-drill) is from a Longboat Investor Presentation – June 2021
