Lundin Petroleum AB Spuds Appraisal Well 16/3-7 on Johan Sverdrup Discovery in License Held with Statoil ASA and AP Moeller Maersk A/S' Subsidiaries

Tuesday, 1 Oct 2013 02:24am EDT 

Lundin Petroleum AB announced through its wholly owned subsidiary Lundin Norway AS that drilling of appraisal well 16/3-7 on the Johan Sverdrup discovery, in license held with Statoil ASA and AP Moeller Maersk A/S' subsidiaries, located in the North Sea sector of the Norwegian Continental Shelf (NCS), has commenced. The well is located in the south-eastern part of the discovery with the objective to establish the depth, quality and thickness of Jurassic reservoir sequences approximately four kilometers south-west of exploration well 16/3-2, drilled just outside the Johan Sverdrup discovery in 1976, and approximately three kilometers further south east of the recent appraisal well 16/3-5. Reducing the uncertainty related to field outline, reservoir thickness and quality as well as determining the oil water contact in this area will provide information to the up-coming development of the Johan Sverdrup discovery. The planned total depth 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. Lundin Petroleum is the operator of PL501 with 40% interest. The partners are Statoil Petroleum AS with 40% interest and Maersk Oil Norway with 20% interest. 

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