Lundin has made a discovery on production license 533 in the Barents Sea, the Norwegian Petroleum Directorate has announced. Wildcat well 7219/12-1 proved a total oil column of about 196 ft and an overlying total gas column of 196 ft, of which 180 ft and 147 ft, respectively, were in sandstone with good reservoir properties in the Tubåen formation. Appraisal well 7219/12-1 A confirmed a mostly equivalent gas and oil column in the Nordmela and Tubåen formations with good reservoir properties. Preliminary estimates of the size of the discovery are from 5.5 million std m3 to 16 million std m3 of recoverable oil equivalents. The appraisal and wildcat wells were drilled to respective depths of 8,120 ft and 5,905 ft beneath the seabed. Operator Lundin holds a 35% interest in the license. Det norske oljeselskap (35%) and DEA (30%) hold the remaining stakes.
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