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March 4, 2015

Lundin Petroleum starts drilling 33/2-2S well on Morkel prospect in Norway

Lundin Petroleum has started drilling 33/2-2S exploration well in PL579 on the Morkel prospect in the Norwegian Sea.

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Lundin Petroleum has started drilling 33/2-2S exploration well in PL579 on the Morkel prospect in the Norwegian Sea.

Morkel is 180km west of Florø on the Norwegian west coast and about 40km north-west of the Snorre field.

The 33/2-2S well will test the hydrocarbon potential and reservoir properties of the Jurassic section.

The Morkel prospect is estimated to contain unrisked, gross prospective resources of 74 million barrels of oil equivalent (MMboe).

The Bredford Dolphin semisubmersible unit will be used to drill the well to a planned total depth of 3,500m below mean sea level. The drilling is expected to take two months to complete.

Lundin Norway operates and has a 50% working interest in PL579. Bayerngas Norge and Fortis Petroleum Norway hold 30% and 20% stakes respectively.

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"The Bredford Dolphin semisubmersible unit will be used to drill the well to a planned total depth of 3,500m below mean sea level."

Lundin Petroleum has proven and probable reserves of 187.5 million barrels of oil equivalent.

The company secured eight exploration licence interests in the 2014 Norwegian Licensing Round.

Awarded licences include six for the North Sea, with one each for the Norwegian Sea and Barents Sea.

Lundin Petroleum has recently started drilling exploration well 16/1-24, located in the Gemini prospect of the North Sea.

The well will test the reservoir properties and hydrocarbon potential of Lower Paleocene aged sandstones of the Ty Formation.

The Gemini prospect is estimated to contain unrisked, gross prospective resources of 93Mmboe.


Image: The 33/2-2S exploration well will test the hydrocarbon potential and reservoir properties of the Jurassic section. Photo: courtesy of suwatpo/FreeDigitalPhotos.net.

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