Filicudi is the new Barents Sea oil field

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The Filicudi prospect is believed to hold between 35 and 100 million barrels of oil equivalents, the company informs. The discovery is located in the Barents Sea about 160 km northwest of the town of Hammerfest.

The Filicudi discovery strengthens the position of Loppa High, the area where Lundin previously has made two other significant discoveries, the Alta and Gohta. About 40 km to the northeast is located the Johan Castberg field, the license controlled by Statoil.

A sidetrack well is now being drilled to confirm the reservoir and hydrocarbon column. The operations are conducted by semisubmersible drilling rig “Leiv Eiriksson”. The Filicudi is part of license PL533.

«The PL533 is a very prospective area with many interesting opportunities», says Halvor Jahre, company exploration manager.

An additional two wells are likely to be drilled in the license, at the Hufsa and Hurri prospects.

Our strategy is on an early stage to secure a bigger connected exploration area so that exploration activity and possible field development can be coordinated and rationalised, the company says.

Lundin is operator and owner of 35 percent of the license. License partners are Aker BP (35%) and DEA (30%).

«This is very good news and another important signal about the potential of the Barents Sea», says Kjell Giæver and Nina Kivijervi from supplied network Petro Arctic.

«We are still only in the start phase of exploration activities in the Barents Sea», they say in a press release.