Appraisal and test production of the 7220/11-1 (Alta) oil and gas discovery in the Barents Sea – 7220/11-5 S
25.09.2018And from the company:
Lundin Norway AS, operator of production licence 609, has concluded drilling and test production on appraisal well 7220/11-5 S on the 7220/11-1 (Alta) oil and gas discovery in the southwestern part of the Barents Sea.The well was drilled about 4 kilometres south-southwest of the discovery well, and about 190 kilometres northwest of Hammerfest.
The discovery was proven in carbonate rocks from the Permian Age (the Ørn formation in the Gipsdalen group) in 2014. Before well 7220/11-5 S was drilled, the operator’s resource estimate for the discovery was between 15 and 41 million Sm3 of recoverable oil equivalents.
The objective of well 7220/11-5 S was to test the oil production rates over a longer time period in various carbonate rocks without significant breakthrough of water and/or gas.
The well encountered a 118-metre gas column in the Falk formation from the Carboniferous Age in the Gipsdalen group, and a 720-meter horizontal section was drilled in the Falk and Ørn formation. The horizontal section is situated 32 metres under the gas-oil contact, and 12 metres over the presumed oil-water contact. The reservoir consists of a mix of siliciclastic and carbonate rocks in the Falk formation and carbonate rocks in the Ørn formation from the Late Carboniferous to Early Permian period. The reservoir quality is considered to be good to very good.
Preliminary estimates place the size of the discovery within the range of uncertainty for the resource estimate prior to drilling the well. The resource estimate for the discovery is expected to grow and the uncertainty will be reduced when a new resource estimate is finally available....MORE
Successful appraisal well and extended production test on Alta
25 September 2018
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the Alta appraisal well 7220/11-5 and extended production test in PL609 in the southern Barents Sea.
Highlights:
HT on both press releases: The Barents Observer• Results were better than expected, demonstrating excellent reservoir productivity and connectivity to a large volumeThe appraisal well is located approximately 4 km south of the original Alta discovery well and is the fifth well drilled on the Alta discovery. The main objectives of the appraisal well and extended production test was to prove sustainable production rates and reduce the uncertainty around the recovery mechanism in the Permian-Triassic karstified and fractured carbonate reservoirs to provide the basis to progress development studies.
• Successfully completed 700 metres horizontal appraisal well through karstified and fractured carbonate reservoir, a first on the Norwegian Continental Shelf
• Two month flow period with a maximum production of 18,000 bopd constrained by the surface production facilities with a total of approximately 675,000 barrels of oil produced
• Results expected to increase the Alta resource estimate and reduce the uncertainty range
The semi-submersible drilling rig Leiv Eiriksson was used for the drilling and testing at Alta. The well was tested through the rig and the produced volumes were flowed via a flexible flowline to the Teekay Scott Spirit tanker. The oil produced to the tanker will be delivered to the Mongstad oil terminal on the west coast of Norway and will be subsequently sold....MUCH MORE
The stock has doubled over the last year and is probably not worth chasing but is a solid little operator.
Now go for the gas. (Sverdrup)
Although the estimated reserves are only about one tenth the size of the North Sea operations in the Johan Sverdrup field because with the latter I always think of Etaoin Shrdlu and the mental digression slows down the work and leaves me vulnerable to being found with a dazed grin on my face.
More on that another time.
Maybe.
Here's the license area, the easternmost blocks butt right up against Russian-claimed waters:
