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Tuesday, July 19, 2011

Statoil Spuds Appraisal Offshore Norway

- Statoil Spuds Appraisal Offshore Norway

Tuesday, July 19, 2011
Lundin Petroleum AB

Lundin announced that drilling of appraisal/exploration well 16/2-8 on the Aldous Major South structure has commenced. The well is located in license PL265 in the Norwegian North Sea.

The Aldous Major South structure is believed to be the western continuation of the Lundin Petroleum operated PL501 Avaldsnes discovery into PL265, with primary target in sandstone of Upper and Middle Jurassic age. Secondary targets are the Cretaceous Shetland Group chalk and the Triassic Skagerrak Formation.

The planned total depth is 2,085 meters below mean sea level. The well will be drilled with the drilling rig Transocean Leader and the duration is expected to be 45 days.

Lundin Petroleum holds 10 percent interest in PL265. Partners are Statoil Petroleum AS (operator) with 40 percent interest, Petoro (30 percent) and Det norske oljeselskap ASA (20 percent).

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