Det Norske Spuds Barents Sea Well

Sweden's Lundin Petroleum reported Tuesday that drilling has begun on exploration well 7222/11-2 on the PL659 license in the Barents Sea. The well is targeting the Langlitlinden prospect, which is located some 50 miles northeast of the Snøhvit field.

The main objective of the well is to prove the presence of hydrocarbons in sandstones in the Triassic layer. Lundin estimates the Langlitlinden prospect potentially contains un-risked, gross prospective resources of 220 million barrels of oil equivalent.

The planned total depth is 9,500 feet below mean sea level. The well will be drilled by the Transocean Barents (DW semisub) rig.

Det norske oljeselskap is the operator of the PL659 license, with a 20-percent stake. Lundin also holds 20-percent, while other stakeholders include Petoro (30 percent), Atlantic Petroleum Norge (10 percent), Tullow Oil Norge (10 percent), Rocksource Exploration Norway (five percent) and Ithaca Petroleum Norge (five percent).



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