Lundin has made a small discovery in the Barents Sea

The well was drilled about 60 kilometers northeast of the oil and gas discovery 7220 /11-1 (Alta) and about 20 kilometers east of the 7220/8-1 Johan Castberg. The well encountered a total oil column of about 20 meters with an overlying gas column of about 10 meters in carbonate rocks in ├śrnformasjonen. Preliminary estimates of the size of the discovery is between 3 and 7 million standard cubic meters (Sm3) of recoverable oil and between 1 and 2 billion standard cubic meters of recoverable gas. See NPD’s website.