Lupin Well Comes up Dry

Norwegian Energy Company (Noreco) reported Monday that the exploration well on the Lupin prospect in license PL360 in the Norwegian zone of the North Sea has come up dry. Noreco said it had been informed by the well's operator Statoil that the well was about to be completed and that it had not encountered hydrocarbons.

Noreco said that further work in the license will concentrate on prospectivity in Upper an Middle Jurassic layers, which have become more attractive following recent discoveries in the area.

Noreco holds a 15-percent interest in license PL360.



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