Project Profile
Location: 175 km west of Haugesund on the Norwegian west coast, approximately 20 km northwest of the Johan Sverdrup discovery, Norway
Reserves: 163 million barrels of oil equivalent (MMboe) (gross prospective resources) – only from Kopervik prospect
Water Depth: 116 m / 383 ft
PL625, located 175 km west of Haugesund on the Norwegian west coast and approximately 20 km northwest of the Johan Sverdrup discovery .Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 25/10-12S in PL625 has commenced. The well will investigate the hydrocarbon potential of the Kopervik Prospect. The main objective of well 25/10-12S was to test the reservoir properties and hydrocarbon potential of the Upper and Middle Jurassic Sandstones in the Kopervik sub-basin. Lundin Petroleum estimates the Kopervik prospect to have the potential to contain unrisked, gross prospective resources of 163 million barrels of oil equivalent (MMboe).
The Well 25/10-12S at the Kopervik prospect in Norwegian license PL625 was plugged and abandoned in 2015. This was due to the reservoir being of good quality but the formations within it were poorly developed. Recovered cores contained oil shows but the decision was made to plug and abandon the well as a dry hole.
Operators:
Lundin Norway AS: 40% interest
Bayerngas Norge: 20% interest
Maersk Oil Norge AS: 20% interest
Petoro AS: 20% interest