Articles tagged with "lundin petroleum"
Posted by Euan Mearns on December 21, 2011 - 3:29pm
Tags: aldous major south, avaldsnes, declines, giant field, lundin petroleum, north sea, norway, npd, peak oil, statoil [list all tags]
With relatively little fanfare on the international stage, Lundin Petroleum and Statoil (and partners) have just recently jointly discovered one of the largest oil fields ever found in the North Sea. The Aldous Major South - Avaldsnes discovery on the Utsira High structure is currently estimated to contain 1.7 to 3.3 billion barrels of recoverable oil. The astonishing thing about this discovery is that it has lain undiscovered in a mature oil province for so long providing ample encouragement for explorers to go on exploring.
The recoverable resource estimates have grown with every well drilled and with a new delineation well spudded on 28th November, further news on the size of this giant is expected in early January.
This post is joint with Rune Likvern. One of us (EM) owns common stock in Lundin Petroleum.