Additional barrels discovered in the Edvard Grieg license

• Two new discoveries close to the Edvard Greig field
• Development options under evaluation
• Core region for Wintershall Dea in Norway

Edvard Grieg will see an uptick in production with the successful completion of two new exploration wells in the PL338 license, which is located some 190km west of Stavanger.

License partners Lundin Norway AS (operator, 65%), OMV Norge AS (20%) and Wintershall Dea (15%) are now evaluating development options for the discoveries which will be produced through the existing infrastructure in the license.

“The North Sea is an important region for Wintershall Dea in Norway. Finds like this can quickly create value for us as the area is flush with infrastructure, making discoveries easier to develop than in more frontier territories. Wintershall Dea has several producing assets and exploration licenses around Edvard Grieg. We see more exploration potential in the license, and these discoveries further strengthen our resource position in the area,” said Michael Zechner, Senior VP for Global Exploration at Wintershall Dea.

Two exploration wells were drilled in the license, approximately 3.9 km northeast of the Edvard Grieg platform, with the objective of proving oil in Triassic conglomerates in the eastern continuation of the Edvard Grieg Basin (16/1-31 S) and in weathered granitic basement rock (16/1-31 A).

The 16/1-31 S discovery is estimated to contain between 3 and 22 million barrels of oil and between 40 and 350 million Sm3 of gas. 16/1-31 A contains between 1 and 13 million barrels of recoverable oil and between 10 and 200 million Sm3 of recoverable gas. The license partners are assessing the possibility of drilling production wells from the Edvard Grieg platform.

“We have a strong partnership with the operator Lundin and a history of working closely together to develop resources on the Norwegian Continental Shelf. With the expertise in the partnership, I am confident we can quickly mature these discoveries into production,” said Alv Solheim, Managing Director of Wintershall Dea in Norway.

Edvard Grieg is located in the Utsira High area of the North Sea and has been designed as a regional hub to receive and process hydrocarbons from developments and discoveries in the area. The Edvard Grieg field was discovered in 2007 and started production in 2015. The operator’s reserves estimation is between 214 and 340 million barrels of recoverable oil equivalents.