Lundin Petroleum AB: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents
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Lundin Petroleum AB's Subsidiary, Statoil ASA's Subsidiary, Petoro and Det Norske Oljeselskap ASA Commence Drilling of Appraisal Well 16/2-17 in PL265
Lundin Petroleum AB announced that Lundin Norway AS, the wholly owned subsidiary of Lundin Petroleum AB, has commenced drilling of the appraisal well 16/2-17S in license PL265 operated by Statoil ASA's Statoil Petroleum with 40% interest, and with partners Petoro (30%), Det norske oljeselskap (20%) and Lundin Norway (10%). The well is located on the Johan Sverdrup discovery, in the North Sea sector of the Norwegian Continental Shelf (NCS). The main objective of the well is to investigate the Jurassic reservoir thickness, quality and distribution close to the fault approximately 1.5 km (kilometer) south-west of appraisal well 16/2-8 and 2.3 km west of appraisal well 16/2-11. The planned total depth is approximately 2,060 meters below mean sea level and the well will be drilled by using the semi-submersible drilling rig Ocean Vanguard. The drilling operation is expected to take approximately 55 days.
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