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Lundin Petroleum Spuds Luno Extension Well In PL338, Offshore Norway

Published: 29-Jul-2009

By: Staff Writer Staff Writer Staff Writer

Lundin Petroleum AB (Lundin Petroleum) announced that drilling of the exploration well 16/1-12 on the Luno extension prospect located in Block PL 338, in the North Sea sector of the Norwegian Continental Shelf (NCS), has commenced.

Following Luno oil discovery made in 2007 and subsequent appraisal well drilled in 2008/2009, this new well will target the hydrocarbon potential of sandstones of Middle and Upper Jurassic age in a separate prospect in the south of the same license block with gross potential, unrisked, recoverable resources of 240 million barrels of oil equivalent (MMboe).

The planned depth is about 2,300 meters below mean sea level. The well will be drilled from the semi-submersible drilling rig Songa Dee. Drilling is expected to take about 55 days, excluding possible testing.

Lundin Petroleum is the operator of PL338 with 50% interest. Partners are Wintershall Norge ASA with 30% and RWE Dea Norge AS with 20% interest.

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