Lundin Norway Makes Uncommercial Oil Discovery at Morkel Prospect

Lundin Petroleum announced Thursday that its wholly owned subsidiary Lundin Norway AS has made an uncommercial oil discovery at the wildcat well 33/2-2 S offshore Norway.

The well, which investigated the hydrocarbon potential of the Morkel prospect in PL579, encountered oil in sandstones in a 567 foot gross reservoir interval, which was interpreted as being low in quality with poor production characteristics. Production tests at the well produced a flow rate of 428 barrels of oil per day.

Drilled to a total depth of 11,476 feet by the Bredford Dolphin (MW semisub), the well is being plugged and abandoned as an uncommercial oil discovery. Lundin Norway is the operator of the well with a 50 percent working interest. Bayerngas Norge AS and Fortis Petroleum Norway AS are partners with 30 and 20 percent working interests, respectively.

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