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Lundin Petroleum confirms oil play at Johan Sverdrup field in the North Sea

4 May 2012

Swedish oil and gas company Lundin Petroleum has completed sidetrack drilling at its 16/2-11 appraisal well at the Johan Sverdrup field in the Norwegian Continental Shelf.

The sidetrack well was drilled about 3.3km south-west of the 16/2-6 discovery well and a gross reservoir column of about 51m was encountered, of which 35m was above the oil-water contact.

"Ashley Heppenstall, Lundin Petroleum president and CEO, said the company is pleased with the results of the sidetrack."

Ashley Heppenstall, Lundin Petroleum president and CEO, said the company is pleased with the results of the sidetrack which are in line with its pre drill expectations.

"The well confirmed excellent reservoir qualities and encountered the Upper Jurassic reservoir at the expected depth," said Heppenstall.

The sidetrack was drilled to a total depth of 2,365m by the semi-submersible Bredford Dolphin drilling rig.

Both wells will now be permanently plugged and abandoned, after which the drilling rig will be mobilised to drill the Albert exploration prospect in PL519, also operated by Lundin.

Operator Lundin Norway owns a 40% stake in the well, while partners Statoil Petroleum and Maersk Oil Norway hold 40% and 20% interests respectively.