Lundin Petroleum has made an oil discovery on the Luno II prospect in the Norwegian North Sea.
The company said the find had been made in the exploration well 16/4-9 S located in a separate sub-basin.
The well is located on the southwestern flank of the Utsira High approximately 15km south of the Lundin Petroleum operated Edvard Greig field.
A spokesman said the well encountered a gross oil column of 23 metres in reasonable quality Jurassic/Triassic conglomeratic sandstones.
Pressure data has also indicated that the petroleum system in the Luno II North discovery is different to that seen in the Luno II discovery.
A production test performed in the oil zone was producing at a rate of 1,000 barrels of oil per day.
The gross contingent resource range for the Luno II North discovery, representing the southern part of the prospect, is estimated to be 12 to 26 million barrels of oil equivalents.
Lundin has also said one possible development solution could be a combined Luno II and Luno II North subsea tie-back to the Edvard Greig field.
The well was drilled using the semi-submersible drilling rig Bredford Dolphin and will now be permanently plugged and abandoned.
Lundin Norway AS is the operator of PL359 with a 50% working interest. The partners are OMV (Norge) with 20%, Statoil Petroleum ASA with 15% and Wintershall Norge AS with 15% working interest.