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Wednesday, July 20, 2011

Lundin Spuds Avaldsnes Appraisal Well

- Lundin Spuds Avaldsnes Appraisal Well

Wednesday, July 20, 2011
Lundin Petroleum AB

Lundin announced that drilling of the appraisal well 16/2-7 on the Avaldsnes discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS), has commenced.

The planned depth is approximately 2,275 meters below mean sea level and the well will be drilled using the semisubmersible drilling rig Bredford Dolphin. The drilling operation is expected to take approximately 55 days.

The objective of the well is to appraise the Avaldsnes discovery following the 16/2-6 discovery well in 2010 and the recent successful appraisal well 16/3-4 with side-track 16/3-4A.

Lundin Petroleum is the operator of PL501 with 40 percent interest. Partners are Statoil Petroleum AS with 40 percent and Maersk Oil Norway with 20 percent interest.

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