Lundin Petroleum AB announces appraisal well 16/2-15 in PL265 on Johan Sverdrup discovery has commenced

Thursday, Nov 22, 2012

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that Statoil Petroleum AS (Statoil) has commenced the drilling of appraisal well 16/2-15 in PL265, located in the North Sea sector of the Norwegian Continental Shelf (NCS).

The well is located in the southern part of PL265. The main objective of well 16/2-15 is to determine the depth to the reservoir as well as reservoir thickness, quality and facies in the southern part of the Johan Sverdrup discovery within PL265. Well 16/2-15 is located approximately 400 meters from the PL501 border, 3.7 km south of well 16/2-8 and 2.3 km south west of well 16/2-11 (PL501).

The planned total depth is approximately 2,000 metres below mean sea level and the well will be drilled by the semi-submersible drilling rig Ocean Vanguard. The drilling operation is expected to take approximately 50 days.

Lundin Norway AS has an interest of 10 percent. Statoil Petroleum AS is the operator of PL265 with 40 percent interest. Partners are Petoro (30 percent) and det norske oljeselskap AS (20 percent).

Source: Lundin Petroleum

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