Ashley Heppenstall is the president and CEO of Lundin Petroleum.

Lundin Norway, a wholly-owned subsidiary of Lundin Petroleum, has announced positive results from a drilling programme completed in PL501 in the North Sea.

The 16/2-13S well is located about 2.5 km north-east of the Johan Sverdrup discovery well 16/2-6 and 6.5 km south-east of well 16/2-10 in PL265.

Transocean Arctic, a semi submersible drilling rig, was used to drill the well 2,060m below sea level into pre-Permian rocks in a bid to determine depth to top reservoir, reservoir quality and thickness, as well as oil water contact in the north eastern part of the field.

The company encountered a 25m gross oil column in the Upper and Middle Jurassic sandstone reservoir in an oil-down-to situation.

A comprehensive logging and coring programme has been successfully completed by the company, confirming "excellent" reservoir properties.

Ashley Heppenstall, Lundin Petroleum president and CEO, said the results of the latest Johan Sverdrup appraisal well confirms the structural model and the extent of the field in this area.

"We again encountered excellent quality Volgian reservoir at this location," Heppenstall added. "We will now sidetrack the well to acquire additional data as well as investigating the possibility of a deeper oil water contact in this area."

The company will side-track 1,250m towards the north and expects to take 30 days to complete the process.

Lundin Petroleum operates licence PL501 with a 40% interest, while partners Statoil Petroleum and Maersk Oil Norway own 40% and 20% interests respectively.

Image: Ashley Heppenstall is the president and CEO of Lundin Petroleum. Photo courtesy of: Lundin Petroleum.