The Utsira High is one out of six core areas for Lundin Norway. (c) Lundin

0.7 dollar per barrel

Lundin has had a strong focus on organic growth on the NCS, resulting in finding cost of 0.7 USD/boe (post tax).

The finding cost of 0.7 USD/boe was published in conjunction with Lundins corporate presentation in October.

This is in comparison to acquisitions costs of 3.25 USD/boe and 4.2 USD/boe for King Lear and Tommeliten Alpha, resepctively ( “Oppkjøp skapte nyheter“).

Until now, Lundin has had – what the company calls – a track record of company-making discoveries thi year.

Out of 7 E&A wells drilled , 6 can be classified as successes, including including Luno II (A), Lille Prinsen (E), Frosk (E), Rolvsnes (A), Alta (A) and Gekko (E), all of them – except Alta – in the North Sea.

As a basis for this success, Lundin refers to the NCS as one of “top 10 world-wide exploration areas”. This we will learn more about in the 2nd Exploration Strategy Conference in Stavanger, November 14-15.

Both Wood Mackensie and Westwood will give their accounts on world hot spots and how the NCS compares with other basins worldwide.





Det viktigste fra de siste dagene

Vil stikke kjepper i hjulene

Er bergenserne dumme?

Går egne veier

geo365 Nyhetsbrev

* = required field