April 11 (UPI) -- The results of an appraisal well in the Edvard Grieg oilfield in Norwegian waters could lead to an increase in the overall reserve estimate, a company said.
Lundin Petroleum said its Norwegian subsidiary confirmed the presence of reserves in an appraisal well drilled about a mile away from the platform positioned over the Edvard Grieg field. The purpose of the well was to prove additional resources and Lundin said it estimated the presence of up to 30 million barrels of oil equivalent at the appraisal well.