Lundin Energy is in process of completing the exploration well 7219/11-1. Credit: wasi1370 / Pixabay.

Lundin Energy subsidiary Lundin Energy Norway has completed drilling the exploration well 7219/11-1 in the southern Barents Sea.

Targeting the Bask prospect in licence PL533B, the exploration well 7219/11-1 is located north-west of the Alta discovery.

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Currently in the process of completing, the well was aimed at proving hydrocarbons in Paleocene aged sandstones.

Drilled by West Bollsta semi-submersible drilling rig, Lundin Energy identified poorly developed reservoir at the targeted formation.

The well was drilled 35km north-west of the Alta discovery and due south of the Johan Castberg field.

The company said traces of hydrocarbons were found but not considered commercial, and classed the well as dry.

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Lundin Energy operates the PL533B with 40% stake. Its other partners include AkerBP (35%) and Wintershall DEA Norge (25%).

The West Bollsta rig is due to start drilling at the Lundin Energy-operated Segment D prospect in PL359 in the central North Sea.

Similar to those found at Solveig, the well 16/4-13S will target Permian and Triassic aged sandstones.

Lundin Energy said in a press statement: “On the success of Segment D, development would be via a low-cost tie-in to the Solveig subsea facilities.”

Lundin Energy has 65% stake in Segment D prospect while other partners OMV (Norge) and Wintershall DEA Norge hold 20% and 15% interest respectively.

In March 2020, Lundin Petroleum announced the discovery of at least 12 million barrels of oil equivalent (MMboe) from an exploration well in the North Sea.