Lundin Hits Dry Well in Norwegian Sea

Lundin Petroleum AB announced Wednesday that its wholly owned subsidiary, Lundin Norway AS, has come up dry on exploration well 6407/10-4, located on the Lorry prospect in the southern Norwegian Sea.

The main target of the well was to test an Upper Jurassic pinchout play and prove the presence of hydrocarbons in the Rogn Formation. Well 6407/10-4, which was drilled to a depth of 10,577 feet below mean sea level in a water depth of 1,099 feet using the Island Innovator (mid-water semisub), has now been plugged and abandoned.

Exploration well 6407/10-4 is the first well drilled in PL700B. Lundin Norway is the operator of the license 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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