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Lundin: Silfari exploration well in Norwegian Sea turns up dry

Lundin Petroleum AB (publ) announced Dec. 20 the Silfari exploration well in the Norwegian Sea turned up dry after tests showed there were no hydrocarbons encountered in the 6307/1-1S well located in PL830.

Drilled by the semi-submersible drilling rig Leiv Eiriksson, the Silfari exploration well was the first well drilled in the Froan Basin area that provided data to the geology of the basin.

"The potential of the undrilled, adjacent Frøya High area is unaffected by the Silfari result," the company said.

Contract operator Lundin Norway AS has a 40% stake in PL830 while Equinor, Neptune Energy Norge As and Petoro AS hold 20% stakes each.

Lundin Norway said it will proceed to drill 7121/1-2S exploration well located in PL767 in the southern Barents Sea, which has an estimated resource of 312 million barrels of oil equivalent. Lundin operates the field with a 50% share, with Inpex Norge AS holding 40% and DNO ASA with 10%.