Swedish independent international petroleum company Lundin Petroleum has found oil in the Barents Sea, after sampling Triassic sandstone and Filicudi carbonate reservoirs, according to reports. The well, which is described as a "high-quality, karstified carbonate reservoir" has a gross estimate of between 25 and 60 million barrel of oil equivalent (BOE). Attention will now turn to the Permian prospect, estimated to have resources of 258 million BOE.
Swedish independent international petroleum company Lundin Petroleum has found oil in the Barents Sea, after sampling Triassic sandstone and Permian carbonate reservoirs, according to reports. The well, which is described as a "high-quality, karstified carbonate reservoir" has a gross estimate of between 25 and 60 million barrel of oil equivalent (BOE). Attention will now turn to the Filicudi prospect, estimated to have resources of 258 million BOE.