Lundin used the âLeiv Eirikssonâ S/S to drill exploration well 16/5-8 S which was spudded on 8 July 2019. The well investigated the Goddo prospect in PL 815 and was drilled to TD at 2,468 m (2,093 m TVD) in Basement. An oil column of 20 m was confirmed in weathered and fractured Basement, similar to the reservoir found at Rolvsnes (located 9 km to the northwest) but not in pressure communication with it. Estimated recoverable reserves are 1-10 MMboe, with further upside possible in the area. Lundin will carry out an EWT at Rolvsnes in 2021 and the results from this will help the company decide its forward strategy relating to the Basement reservoirs in the region. The well is being abandoned on 20 August 2019 (expected end date 23 August 2019).  Prior to drilling, Lundin had provided a gross unrisked prospective resource estimate of 112 MMboe for Goddo, with the prospect proposed as a geological continuation of Rolvsnes and the same OWC (at 1,928 m subsea) forecast. There had also been plans for a potential sidetrack which would have been drilled with up to a 2,200 m horizontal section through the reservoir and a 10 day test could have been performed.   Lundin drilled an appraisal well at Rolvsnes over the summer of 2018. 16/1-28 S encountered 2,500 m of fractured and weathered Basement in a horizontal section. A 10 day test flowed at a maximum rate of 7,000 bo/d through a 52/64â choke. During the five-day main flow period production was maintained at a rate of approximately 4,200 bo/d. The test results indicate that the reservoir has good productivity supported by aquifer pressure. Following the results, the resource range at Rolvsnes was revised upwards to between 14 and 78 MMboe from the previous estimate of between 3 and 16 MMboe. Rolvsnes is considered a potential tie-back candidate to Edvard Grieg.  Prior to drilling the Goddo well, Lundin believed that Rolvsnes and Goddo together could contain over 250 MMboe.  Interest in PL 815 is held by Lundin Norway AS (60% + operator), Concedo ASA (20%) and Petoro AS (20%).
016/05-08 S (Goddo) nfw (Lundin 60% op, Concedo 20%, Petoro 20%) 1st well in PL 815, 14km S. of Edvard Grieg, small oil discovery of recoverable 10 MMboe max. in poor quality reservoir, weathered, basement rock (potential oil column of about 20m), not in communication with Rolvsnes, WD=104m, TD=2443m.