Lundin used the âLeiv Eirikssonâ S/S to spud exploration well 16/1-31 S targeting the Jorvik prospect in PL 338 on 10 March 2019. The objective was the Jorvik conglomerate. The company drilled to TD at 2,220 m and the well was plugged back on 10 May 2019. The following day Lundin kicked-off exploration sidetrack 16/1-31 A targeting the Tellus East prospect (weathered and fractured Basement with a potential sandstone drape) and on 18 June 2019 it was plugging and abandoning. As it was not possible to target both with a single well, the two wells were being drilled in a Y formation. The top hole is located approximately 4 km northwest of the Edvard Grieg platform, between the Edvard Grieg and Ragnarrock fields. On 20 June 2019 Lundin announced that oil was discovered in both wells with the combined estimated resources between 4 and 37 MMboe. The Jorvik branch confirmed oil in 30 m of Triassic conglomerate reservoir and in the overlying thin high quality sandstone. Well testing of the conglomerate produced results of 130 bo/d and indicated communication with the Edvard Grieg field.Â  The Tellus East branch encountered a 60 m gross oil column in porous, weathered basement reservoir likened to producing layers in the Tellus area of the Edvard Grieg field. Both wells have the potential to be developed from the Edvard Grieg platform and will be evaluated with other infill targets and tie-in opportunities.     In 2013 Lundin drilled the first well on the Jorvik prospect which lies immediately east of Edvard Grieg and is a continuation of the same play onto the Haugaland High. 16/1-17 proved mobile oil, but the reservoir (pre-Jurassic conglomerate and pebbly sandstone) was tight with haematite cementation. Potential reserves were estimated at 46 MMboe (in PL 338) prior to drilling.    Tellus was drilled in early 2011, just to the north of Edvard Grieg. 16/1-15 made a new discovery in the Lower Cretaceous/Basement with potential reserves (given at the time) of 11-55 MMboe. The field was developed as part of Edvard Grieg and the reserves are now included in the overall field volumes.  The completion of drilling of the 14 development wells at Lundinâs Edvard Grieg field was achieved in July 2018. The results exceeded pre-drill expectations and there is no material water production. Earlier in 2018 Lundin announced a reserves increase of 51 MMboe (since the end of 2016) to 274 MMboe, representing a 47% increase compared with the PDO. Good drilling results and production performance indicated that the oil in place volumes were higher than originally calculated and that more of the oil is in the better quality sandstone part of the reservoir (with less in the poorer quality conglomerate zone). The field was producing at a facilities-capacity rate of 95,000 boe/d in July 2018 but double this rate is actually possible. The nearby Lundin-operated Solveig (Luno II) and Rolvsnes discoveries will be tied-back to Edvard Grieg and the 2018 discovery made by Equinor at Lille Prinsen could also potentially be tied-in.    Lundin Norway AS operates PL 338 with a 65% interest. It is partnered by OMV (Norge) AS (20%) and Wintershall Dea through Wintershall Norge AS (15%).
016/01-31S (Jorvik) 31A (Tellus Ãst) near Edvard Grieg, appr. (Lundin 65 op, OMV 20%, Wintershall 15%) in PL 338, 31S - tested 130 bo/d from a similar 30m of Triassic conglomerate reservoir with a thin, high quality sst. in communication to Edvard Grieg. Horiz well required for prod. 31A - 60m oil column in porous, weathered basement reservoir.