Lundin announced this week that their exploration well 7220/3-2 in PL 609 has discovered oil and gas. The well encountered a 21 m oil column and 10 m gas column in a Permian Carbonate reservoir, with a total gross resource estimate of 25-60 MMboe.
The Neiden Discovery follows the same play that has been targeted and proven in Gohta and Alta to the South, the new discovery is also likely to rely on the carbonate reservoir being karstified to enhance reservoir properties. These discoveries on the Loppa High are thought to have been sourced by a combination of Palaeozoic and Mesozoic source rocks. Lundin have identified multiple prospects across the Loppa High and has 5 further wells planned into 2017.
Spectrum’s Multi-Client Seismic Library covers the discovery and similar prospects nearby
Spectrum’s exploration toolkit in the Barents Sea covers the Neiden discovery both in 3D as part of the Seamless Seismic product and also by the regional long offset NBR 2D seismic survey, which covers the entire southern and western Norwegian Barents Sea (figure 1).
The Palaeozoic carbonates can be followed northwards on the Loppa High, through Lundin’s Borslev prospect and onward between the Maud and Fingerdjupet basins. In this region Spectrum’s 2014 seismic campaign notes several similar prospects that can be substantially de-risked by this discovery (figs. 2 & 3).
Proximity to Spectrum’s SWB 3D project area
Also in November 2016, Spectrum have completed the latest phase of their SWB project, now consisting of some 14,100 sqkm of recently acquired 3D seismic data, all of which is being reprocessed according to a modern processing workflow. The project lies only 23 km Northwest of the Neiden discovery, and is likely to have 2 wells drilled inside its coverage in the next 12 months (fig. 1).