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Lundin Petroleum AB spuds appraisal well 16/3-8S on Johan Sverdrup Discovery in license shared with Statoil ASA and AP Moeller Maersk A/S' subsidiaries

Friday, 3 Jan 2014 03:18am EST 

Lundin Petroleum AB:Says it has, through its wholly owned subsidiary Lundin Norway AS, commenced drilling of the appraisal well 16/3-8S on the Johan Sverdrup discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS) in license shared with Statoil ASA and AP Moeller Maersk A/S subsidiaries.Says well is located on PL501 at the crest of Avaldsnes High in eastern part of the discovery with objectives to establish depth, quality and thickness of Zechstein group carbonates of Permian age and investigate Jurassic reservoir sequences about 3.9 kilometers south-east of discovery well 16/2-6.Says well 16/3-8S is expected to provide information of the Zechstein group carbonates sub-cropping the Jurassic reservoir in the Avaldsnes High area of the Johan Sverdrup discovery.Says the planned total depth is about 2,025 meters below mean sea level and the well will be drilled using the semi-submersible drilling rig Bredford Dolphin.Says the drilling operation is expected to take about 45 days.Says Lundin Petroleum is the operator of PL501 with 40 percent interest.Says the partners are Statoil Petroleum AS with 40 percent interest and Maersk Oil Norway with 20 percent interest. 

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30.0 +0.27%
8:45am EDT