Lundin Petroleum AB announced Friday that its wholly owned subsidiary Lundin Norway AS has spud exploration well 6407/10-4, located on the Lorry prospect in PL700 offshore Norway.
The planned total depth of the well is approximately 10,183 feet below mean sea level and drilling operations, which will be carried out using the Island Innovator (mid-water semisub), are expected to take around 60 days. The Lorry prospect is estimated to contain gross unrisked prospective resources of 151 million barrels of oil equivalents, according to Lundin.
Lundin Norway is the operator of PL700 with a 40 percent working interest. Bayerngas Norge AS, GDF Suez E&P Norge AS and VNG Norge AS each hold a 20 percent interest.
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