Lundin spuds appraisal well on Luno II discovery

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has commenced drilling appraisal well 16/4-8S on the Luno II discovery, about 15 km south of Edvard Grieg field in the Norwegian North Sea.

The well, in PL359, will appraise the Luno II Central South basin, about 4 km southeast of the Luno II discovery well (OGJ Online, May 6, 2013).

The main objective of the well is to test the reservoir properties and verify petroleum potential. Lundin says the reservoir is expected to be of Jurassic-Triassic age.

The planned total depth is 2,700 m below mean sea level and the well will be drilled with the semisubmersible drilling unit Bredford Dolphin. Lundin expects drilling operations to last 50 days.

Lundin Norway, operator of PL359, holds 40% interest. The company recently reported that it will increase its interest to 65%, subject to governmental approval.

Statoil Petroleum AS holds 15% interest and OMV Norge AS has entered into an agreement to increase its interest from 15% to 20%, also subject to governmental approval.

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