Lundin Norway Starts Appraisal Drilling at Edvard Grieg, Gohta

Lundin Norway AS revealed Monday that it has commenced appraisal drilling on the Edvard Grieg field and the Gohta discovery, both of which are located offshore Norway.

Appraisal well 16/1-27 in PL338 on the Edvard Grieg field is being drilled on the southwestern flank by the Island Innovator (deepwater semisub). The well is being drilled 1.8 miles west of the Edvard Grieg platform and is targeting additional gross resources of up to 30 million barrels of oil equivalent. The drilling operation is expected to take approximately 30 days.

The appraisal well 7120/1-5 in PL492 on the Gohta discovery is being drilled by the Leiv Eiriksson (UDW semisub). The main objective of well 7120/1-5 is to delineate the northeastern extent of the discovery and to provide a calibration point for the drilling of a horizontal well for a possible extended well test. The drilling operation is expected to take approximately 75 days.

Lundin Norway is operator for both PL338 and PL492 and holds a 65 percent and 40 percent interest respectively in the two licenses.



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