The Norwegian oil company ASA (the Norwegian), the operator of PL 442, reports that drilling of exploration well 25 / 2-18 S in Langfjellet prospect in the North Sea is about to be completed.
The well encountered one 109 meters gross oil column in Vestland Group. A technical sidetrack was drilled to perform data collection and the well is now being prepared for a sidetrack and well test, it emerges from a stock exchange release.
Preliminary estimates of the size of the discovery is between 24 and 74 million barrels of oil equivalent. The licensees will consider found in terms of a possible development along with other discoveries in the area. As a result of the positive outcome of Langfjellet has licensees identified further prospectivity in the license.
The Norwegian company operates and owns 90 percent of PL 442. LOTOS Exploration and Production Norway AS holds the remaining 10 percent.
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