Lundin, Partners Strike O&G at Torphins

Revus Energy ASA has confirmed well 21/8-4 as an oil & gas discovery. The well, which spudded on June 20, 2008, was drilled directionally to test the eastern part of the Torphins prospect in the central UK North Sea sector and penetrated a Paleocene reservoir sandstone section with a gross logged oil & gas column in the region of 9 meters. Based on this result, the drilling program will proceed with a further directional well from the same surface location to test the western part of the prospect.

The Torphins prospect is located in license P. 1107, which is operated by Lundin Petroleum AB. The well is being drilled by the Transocean semisubmersible GSF Arctic II, and partners are Lundin (operator and 40%), Challenger Minerals (North Sea) Limited (10%) and Revus Energy (E&P) Limited (50%).

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