Statoil Spuds Geitungen Well

Sweden's Lundin Petroleum announced Friday that its partner Statoil Petroleum has begun drilling exploration well 16/2-12, which is targeting the Geitungen structure in the Norwegian North Sea.

The well is located in license PL265, between the Johan Sverdrup discovery and the 16/2-9S Aldous Major North discovery in the Norwegian North Sea. 

The main objective of the well 16/2-12 is to prove the presence of oil bearing Jurassic sandstones similar to the Johan Sverdrup discovery. 

The planned total depth is approximately 6,750 feet below mean sea level. The well will be drilled with the drilling rig Ocean Vanguard (mid-water semisub) and the duration is expected to be 40 days.

Lundin subsidiary Lundin Norway holds a 10-percent interest in PL265. Partners are Statoil (operator) with a 40-percent interest, Petoro (30 percent) and Det norske oljeselskap (20 percent).



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