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Lundin makes Torphins discovery

Lundin Petroleum’s exploration well 21/8-4 in the Torphins prospect is being marked as an oil and gas discovery.

The well, which was spud on June 20 by Transocean semisubmersible GSF Arctic II, was drilled directionally to test the eastern part of the prospect in the central sector of the UK North Sea and penetrated a Paleocene reservoir sandstone section with a gross logged oil and gas column of about 30 feet (9 meter).

Based on this result, the drilling program will proceed with a further directional well from the same surface location to test the western part of the prospect. CEO of partner Revus Energy, Harald Vabø, said, “Although the discovery of oil and gas in the Torphins well is encouraging, the length of oil column which sits below a gas cap, is less than we had hoped for.  However, we believe that the western part of the prospect has the capacity to hold oil volumes in commercially viable quantities and is the focus of the next stage of our drilling operation.”

The Torphins prospect is located in license P. 1107, which is operated by Lundin Petroleum AB (Swedish oil producer) with 40% interest. Partners are Revus Energy (E&P) Ltd. (Norwegian oil producer) with 50% interest and Challenger Minerals (North Sea) Ltd. with 10% interest. (Energy Current)