Lundin Petroleum Completes Exploration Well Offshore UK


Moray Firth
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Lundin Petroleum AB (Lundin Petroleum) announces that the well 12/17b-1 on the Ridgewood prospect reached Total Depth at 1,731 meters (5,678 ft). The well is located in block 12/17b, production license P1301, in the Moray Firth area of the United Kingdom Continental Shelf (UKCS).

The well was drilled using the Transocean Galaxy II jack-up rig and evaluated one reservoir target. This target is being plugged and abandoned as a dry hole.

Lundin Petroleum is the operator with 30 percent interest. Partners are Palace Exploration Company (United Kingdom) Limited (25%), Britcana Energy Ltd. (25%) (a subsidiary of International Frontier Resources Corp.), Gulf Shores UK Resources Ltd. (10%) and Monoil UK Limited (10%).

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