Lundin Petroleum AB's Lundin Norway AS Completes Drilling of Appraisal Well 16/2-16 in License PL501 Shared with Statoil ASA's Statoil Petroleum AS and AP Moeller Maersk A/S' Maersk Oil Norway AS

Monday, 10 Dec 2012 03:00am EST 

Lundin Petroleum AB announced that it has through its wholly owned subsidiary Lundin Norway AS completed drilling of appraisal well 16/2-16 in PL501, on the Johan Sverdrup discovery located in the North Sea sector of the Norwegian Continental Shelf, shared with Statoil ASA's Statoil Petroleum AS and AP Moeller Maersk A/S' Maersk Oil Norway AS. The well was drilled in PL501 on the north eastern flank of the discovery approximately three kilometers away from the discovery well 16/2-6, the recent well 16/2-13A in PL501 and well 16/2-10 located in PL265. The main objectives were met by encountering the top of the reservoir at prognosis at 1,924 meters below Mean Sea Level (MSL) and the oil water contact at 1,925 meters below MSL. This oil water contact (OWC) is the same as in well 16/2-13A and about three meters deeper than the previously identified OWC in other PL501 wells. A total of 15 meters sand was found in a 60 meters Jurassic sequence. The well was drilled to a depth of 2,188 meters below MSL. The well will be side tracked approximately 1,000 meters westward to improve the understanding of the lateral variations in reservoir qualities and the relation between the 1,934 meters MSL oil water contact in well 16/2-10 and the 1,925 meters below MSL contact observed in the 16/2-16 and 16/2-13A wells. Lundin Norway is the operator of PL501 with a 40%-interest. Partners are Statoil Petroleum with a 40% and Maersk Oil Norway with a 20%. 

Company Quote

-80.0 -0.63%
25 Jul 2014