Lundin spudded exploration well 7121/1-2 S on 6 January 2019 on the Setter and Pointer prospects in PL 767. 7121/1-2 S is located approximately 21 km north of Snohvit and 30 km southeast of Lundinâs Alta and Gohta fields. The well, which was drilled by the âLeiv Eirikssonâ S/S, was targeting prospective resources of 312 MMboe and had two primary Lower Cretaceous targets (Setter in the Kolmule Formation and Pointer in the Knurr Formation). The Middle Jurassic Sto Formation was a secondary objective. The well was drilled to TD at 3,375 m (3,360 m TVD) in the Sto Formation and is a dry hole. There were oil shows in the Knurr Formation sandstone (130 m) but the reservoir was tight. The Kolmule Formation (40 m of sandstone) and the Sto Formation (20 m of sandstone) were both water-wet. On 2 March 2019 the well was abandoned.Â  Â   Alta was discovered in 2014 by exploration well 7220/11-1. A 46 m oil column with an 11 m gas cap was proven in good quality carbonates of the Permo-Carboniferous Gipsdalen Group. Recoverable reserves were estimated at 125-400 MMboe at the time of discovery. Two successful appraisal wells and two sidetracks were drilled in 2015, all confirming communication with the discovery well, and a further appraisal well and sidetrack was drilled in 2017, also confirming good communication with the previous Alta wells and the same fluid contacts and gradients. In 2018 a 60-day extended well test was carried out on a new appraisal well, with drilling results indicating better than expected reservoir quality.    Gohta also has a Permian carbonate reservoir and was discovered in 2013 by 7120/1-3 which proved a 75 m oil column under a 25 m gas cap in the Roye Formation. Recoverable reserves for Gohta were originally estimated at 91-184 MMboe. In 2014 an appraisal well was drilled in the western part of the structure and found a 10 m thick Upper Permian limestone conglomerate containing gas condensate overlying a tight fractured limestone section with oil shows. The conglomerate had good reservoir properties and tested 26.4 MMcfg/d plus 880 bc/d, draining from an area at least 1 km radius from the well. A second test which attempted to produce oil from a 50 m zone lying from 23 m below the GOC was inconclusive (6.4 MMcfg/d flowed from the overlying section due to seal issues). The reservoirs in both this and the discovery well are in communication. However, a further appraisal in 2017 was disappointing and was abandoned as a dry hole. A 300 m gross section of Permian carbonates was present in the well but reservoir quality was poor and there were only weak shows.    An update by Lundin in January 2018 reported a downgrading of reserves for the combined Alta and Gohta project to 115-390 MMboe. However, following the results of the 2018 Alta well reserves are expected to be upgraded again.    Interest in PL 767 is divided between Lundin Norway AS (50% + operator), INPEX Norge AS (40%) and DNO Norge AS (10%).
7121/01-02S (Setter-Pointer) (Lundin 50% op. Inpex 40%, DNO 10%) in PL 767 block, primary targets in the Kolmule and Knurr Fm. with moderate-to-poor reservoir quality, with the former structure aquiferous and only some traces of oil in the latter. A secondary objective in the Sto Fm. had poor reservoir quality and the well was P&A, o&g shows (officially classified as dry). 