Lundin spuds Zulu exploration well in North Sea

Jan. 20, 2015
Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, spud exploration well 26/10-1 in PL674BS to test the reservoir properties and hydrocarbon potential of Miocene aged sandstones of the Utsira formation in the Patch Bank Ridge.

Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, spud exploration well 26/10-1 in PL674BS to test the reservoir properties and hydrocarbon potential of Miocene aged sandstones of the Utsira formation in the Patch Bank Ridge.

The Island Innovator semisubmersible drilling unit is expected to reach a planned total depth of 1,020 m below mean sea level over a period of 25 days.

Lundin estimates the Zulu prospect, which lies 100 km west of Stavanger on the Norwegian west coast and 30 km northeast of the Johan Sverdrup discovery, to have the potential to contain unrisked, gross prospective resources of 153 million boe.

Lundin Norway is operator of PL674BS with 35% working interest. Partners are Petrolia Norway and E.On E&P Norge AS with 35% and 30% interest, respectively.