Lundin Petroleum Completes Exploration Well Offshore UK
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%).
Operates 2 Offshore Rigs
- Output At Lundin's Grieg Field Back To Normal After Forties Outage (Dec 27)
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
- Lundin Board Proposes Malaysia, France, Netherlands Asset Spin Off (Feb 13)