Lundin's Carlsberg Well Comes up Dry

Lundin Petroleum reported Thursday that wildcat well 7/4-3 on its Carlsberg prospect in the Norwegian North Sea has been completed but that it is dry.

The well was drilled some 15 miles north of the Brynhild field and approximately 13 miles east of the Everest field, in the UK North Sea. It was targeting Upper Triassic and Upper Cretaceous reservoirs but encountered no hydrocarbons and is currently being plugged and abandoned as a dry hole.

The well was the first exploration well on production licenses 495 and 495B, which were awarded in the APA 2008 and APA 2011 licensing rounds. The Maersk Guardian (350' ILC) rig, used to drill the well, will now move to the Brynhild field to begin drilling of development wells.

Lundin has a 60-percent working interest in PL495 and PL495B.



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