Exploration

The well was drilled about 65 km northwest of Florø and about 60 km north of Gjøafeltet in the northern part of the North Sea.

The two-month programme covers the Keraudren North Extension with an area of approximately 680 km2 in the Bedout Basin, and the Petrel Sub-Basin 3D survey of approximately 1100 km2.

Vår Energi and Lundin Energy Norway have joined Shearwater and Equinor to accelerate the development and commercialisation of a sustainable marine vibratory source technology.

Wireline logging operations have been completed on the well, with the oil column deemed to be residual and uncommercial.

Of the 53 production licences, 28 are in the North Sea, 20 are in the Norwegian Sea and 5 are in the Barents Sea.

The results of the appraisal well in the Green Canyon area of the US Gulf of Mexico further define the resource potential in the central Winterfell area, with the current estimate around 100 million barrels gross.

The extended PRM imaging contract will run from 1 January 2022 until 31 December 2024.

The drilling offshore Shimane and Yamaguchi prefectures is planned to take place from March to July 2022.

Lundin Energy has drilled a dry well about 72 km east of the Ormen Lange field in the Norwegian Sea.

A net gas pay totalling more than 100 m has been calculated at the Anchois-2 appraisal and exploration well offshore Morocco, compared to 55 m in the original Anchois-1 discovery well.

The licenses cover a total acreage of about 8410 km2.

The Hadrah-1 well was successfully drilled to a total depth of 1850 m in November 2021 and encountered gas within an approximately 200-m thick sequence of high-quality sandstone and carbonate reservoirs.

Preliminary calculations of the expected size indicate between 3.3 and 5.2 million standard cubic metres of recoverable oil equivalent, or around 21–33 million barrels of recoverable oil equivalent.

The Fangtooth and Lau Lau discoveries in the Stabroek block will add to previous recoverable resource estimate of 10 billion oil-equivalent barrels.

First gas is expected at Southwark in mid-2022 after the planned installation in 1Q22 of the 6 km Saturn Banks pipeline extension to the Southwark platform.