Lundin Completes Well Appraisal

12 January 2010 (Last Updated January 12th, 2010 18:30)

Lundin Petroleum has successfully completed the drilling of the second appraisal well 16 / 1-13 on the Luno discovery in the North Sea sector of the Norwegian Continental Shelf. The well, located in Block 16 / 1, licence PL338, was to further appraise the Luno oil discovery, which was

Lundin Petroleum has successfully completed the drilling of the second appraisal well 16 / 1-13 on the Luno discovery in the North Sea sector of the Norwegian Continental Shelf.

The well, located in Block 16 / 1, licence PL338, was to further appraise the Luno oil discovery, which was made in 2007, the company said in a statement.

Lundin said the well proved an approximate 50m oil column in Jurassic sediment with excellent reservoir characteristics and, as a result, there was no need for a production test.

The appraisal well was drilled with the Transocean Winner semi-submersible drilling rig to a total vertical depth of 2,275m below sea level in a water depth of 109m.

Lundin Petroleum is the operator of PL338 with 50% interest. Partners are Wintershall Norge ASA with 30% and RWE Dea Norge AS with 20% interest.