Lundin Petroleum Spuds Three Wells Offshore Norway

Lundin Petroleum announced Wednesday that its wholly owned subsidiary Lundin Norway AS has spud two appraisal wells and one exploration well offshore Norway.

The second Alta appraisal well 7220/11-3 in PL609 has a planned total depth of 6,791 feet below mean sea level and will be drilled using the Island Innovator (mid-water semisub). Drilling for this well is expected to take approximately 60 days. The Edvard Grieg appraisal well 16/1-23 S, located in PL338 in the southeastern part of the Edvard Grieg field, will test the upside reserve potential in the field, which is estimated to be up to 50 million barrels of oil equivalents (gross). Planned total depth for this well, which will be drilled using the Rowan Viking (400' ILC), is 7,217 feet.

Situated in the southern North Sea, the Zeppelin exploration well 10/4-1 in PL734 will be drilled using the Borgland Dolphin (mid-water semisub). Drilling operations are expected to take 30 days and the planned total depth of the well is 7,545 feet below mean sea level. Lundin estimates the Zeppelin prospect to have the potential to contain unrisked, gross prospective resources of 152 million barrels of oil equivalent.



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