Lundin's Luno appraisal well flows 4,000 b/d

Lundin Petroleum AB, Stockholm, tested 4,000 b/d of oil from its appraisal well on Luno field in the Norwegian Sea.

Feb. 10, 2009

2 min read

Uchenna Izundu
International Editor

LONDON, Feb. 10 -- Lundin Petroleum AB, Stockholm, tested 4,000 b/d of oil from its appraisal well on Luno field in the Norwegian Sea.

Luno has estimated gross recoverable reserves of 65-190 million boe and the well flowed oil on an 54/64 in. choke confirming the extension of the field to the northeast. This area contains significant additional reserve potential which will be tested later this year during a three-well exploration program

Luno on production license PL338 was discovered in 2007, and Lundin acquired multiple cores and other data after appraising it. Light oil was discovered in a clastic Jurassic reservoir.

"The hydrocarbon bearing reservoir at the well location is complex with both clean sands and conglomeratic sections encountered," Lundin said.

The 16/1-10 appraisal well was drilled with the Bredford Dolphin semisubmersible rig to a TVD of 2,125 m below sea level in water that was 110 m deep.

Ashley Heppenstall, president and chief executive of Lundin Petroleum, said he is confident Luno is a commercial discovery. "The reservoir quality in the lower part of the appraisal well is such that there is likely to be no upside from the previously indicated Triassic reservoir at this location. In tandem we are progressing studies on potential development concepts for the Luno field," he added.

PL338 was awarded in the Norwegian North Sea licensing round in 2004. Lundin operates the license with a 50% interest with partners Wintershall Norge ASA (formerly Revus Energy ASA) with 30% and RWE Dea Norge ASA with 20%.

Contact Uchenna Izundu at [email protected].