Lundin Starts Drilling at Luno II (Norway)

Lundin Petroleum has started drilling of exploration well 16/4-6S in PL359. The well will target the Luno II prospect, which is located south of the Edvard Grieg field in the North Sea, offshore Norway.

The main objective of well 16/4-6S is to prove the presence of hydrocarbons in Jurassic reservoir sandstones. Lundin Petroleum estimates the Luno II prospect to contain unrisked, gross, prospective resources of 139 million barrels of oil equivalent (MMboe).

The planned total depth is 2,099 metres below mean sea level and the well will be drilled using the semi-submersible drilling rig Bredford Dolphin. Drilling is expected to take approximately 45 days.

Lundin Norway is the operator with 40 percent working interest in PL359. Partners are Statoil Petroleum AS and Premier Oil Plc both with 30 percent working interest.

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