Lundin Petroleum Spuds Well on Johan Sverdrup Discovery

Lundin Petroleum AB has spudded the appraisal well 16/2-16 in PL501 on the Johan Sverdrup discovery located in the Norwegian part of the North Sea, the Swedish company announced today.

The well is located on the north eastern flank of the discovery with the objective to establish the depth, quality and thickness of the Jurassic reservoir sequences approximately 3 km away from the recent well 16/2-13A located in PL501 and well 16/2-10 located in PL265. These wells both found excellent reservoir and deeper oil water contacts than seen elsewhere in the Johan Sverdrup discovery.

Well 16/2-16 will investigate reservoir quality and the oil water contact between the 16/2-13A and 16/2-10 wells. The well is located on the flank of the Johan Sverdrup discovery and as such a limited oil column is expected at this location.

“The well will however provide valuable information on depth conversion at this location as well as a better understanding of aquifer support,” the company explained.

The planned total depth is approximately 2,250 metres below mean sea level and the well is being drilled by the semi-submersible drilling rig Transocean Winner. The drilling operation is expected to take approximately 50 days.

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

[mappress]
Press Release, November 13, 2012