Lundin Gains Borselv Permit
Thursday 29 June 2017
Lundin Norway has secured a permit from the authorities to drill a wildcat at the Borselv prospect in the Barents Sea off Norway.
The country subsidiary of Sweden’s Lundin Petroleum aims to kick off drilling of the probe in its operated production licence 609 in the prospective Loppa High play next month using semi-submersible Leiv Eiriksson.
The permit, granted by the Norwegian Petroleum Directorate, is the final clearance required for the well after Lundin gained the safety green light this week.
It will be drilled about 18 kilometres north-west of the earlier Neiden discovery well drilled last year in the same licence that uncovered between 25 million and 60 million barrels of oil equivalent.
Lundin is looking to bolster the resource base for its Alta-Gohta discoveries farther south that are estimated to hold between 216 million and 584 million boe, with Borselv’s pre-drill prospective resource potential at 244 million boe.