Lundin Petroleum AB Completes Johan Sverdrup Appraisal Well 16/2-17S and Exploration Well 16/2-17B in License Shared with Statoil ASA and Det Norske Oljeselskap ASA

Thursday, 13 Jun 2013 02:27am EDT 

Lundin Petroleum AB announced that it has completed wells in license PL265, shared with units of Statoil ASA and Det Norske Oljeselskap ASA, among others. The Johan Sverdrup appraisal well 16/2-17S found a gross column of 82 meters of oil bearing good quality sandstone of Jurassic age in PL265. Well 16/2-17B was drilled as a side-track west of the Johan Sverdrup boundary fault to explore the southern part of the Cliffhanger prospect, but did not find reservoir. The Johan Sverdrup field is located in PL501, PL265 and PL502 on the Norwegian Continental Shelf (NCS). Lundin Norway AS has a 10% interest in PL265 with Statoil Petroleum as the operator with 40% interest. Partners are Petoro with 30% interest and Det Norske Oljeselskap with 20% interest. 

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