Lundin Petroleum AB Spuds Well 16/5-4 on Johan Sverdrup Discovery in License PL501 Shared With Statoil ASA's and AP Moeller - Maersk A/S' Units

Monday, 26 Aug 2013 02:19am EDT 

Lundin Petroleum AB announced, through its wholly owned subsidiary Lundin Norway AS, that drilling of appraisal well 16/5-4 on the Johan Sverdrup discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS), in PL501 shared with Statoil ASA’s Statoil Petroleum AS and AP Moeller - Maersk A/S’ Maersk Oil Norway, has commenced. The well is located in the south-western part of the discovery with the objective to establish the depth, quality and thickness of Jurassic reservoir sequences approximately four kilometers south-west of the dry appraisal well 16/5-2S and approximately three kilometers south east of the 16/5-3 appraisal well drilled in PL502. The well 16/5-4 will investigate an area in the south-western part of Johan Sverdrup discovery. The well is expected to prove the existence of a producible oil zone and provide information for the planning of oil production from the south-western part of Johan Sverdrup. The planned total depth of the well is approximately 2,075 meters below mean sea level and the well will be drilled using the semi-submersible drilling rig Bredford Dolphin. The drilling operation is expected to take approximately 45 days. Well 16/5-4 is first of a two well appraisal drilling program in PL501 at Johan Sverdrup this autumn in addition to the exploration well on the Torvastad prospect. Lundin Petroleum is the operator of PL501 with 40%-interest. The partners are Statoil Petroleum AS with 40% and Maersk Oil Norway with 20%. 

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