Effect of Lundin Activities
- Revitalized exploration on Norwegian Continental Shelf
- Proven 2.5-3 billion bbls in resources
- Proven 500 million bbls in reserves
- 140K bbls/day from Alvheim/Volund
- 90K bbls/day from Edvard Grieg
- 380K+ bbls/day from Johan Sverdrup (Phase1)
- Created substantial activity on land
Oil Systems
The oils in Edvard Grieg and Johan Sverdrup fields are related to migration from Draupne source the last 1.5 mill years
- Undersaturated oils
- “Residual” fresh oil down to 1960 m related to glacial rebound
Johan Sverdrup: Volgian sand with extremely high quality 1.9-2.9 billion bbls oil recoverable after the delineation by end 2013
Luno 2:
- Discovery (16/4-6) in 2013:
- Resource estimate after 1. well:
- 25-120 million bbls; saturated oil, derived from Heather Formation
- 280 m homogenous Upper Triassic/Jurassic sand sequence
- Porosity17 %
- Oil column 45 m; OWC 1950 m msl
- Production test 2000 bbls/day.
- Reservoir pressure 5 bar below hydrostatic.