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 Ørnformasjonen. 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.