Strong showing from latest Johan Sverdrup North Sea well

May 7, 2012
A side track of the Johan Sverdrup appraisal well 16/2-11 in the Norwegian North Sea has confirmed good quality in Upper and Middle Jurassic reservoir, according to operator Lundin Petroleum (NASDAQ:LUPE).

Offshore staff

STOCKHOLM, Sweden – A side track of the Johan Sverdrup appraisal well 16/2-11 in the Norwegian North Sea has confirmed good quality in Upper and Middle Jurassic reservoir, according to operator Lundin Petroleum (NASDAQ:LUPE).

The semisubBredford Dolphin drilled side track well 16/2-11A 3.3 km (2 mi) southwest of the discovery well 16/2-6 and 760 m (2,493 ft) northeast of the 16/2-11 appraisal well, in a water depth of 70 m (229 ft).

According to the Norwegian Petroleum Directorate, the well encountered a gross oil column of 54 m (177 ft). Coring and logging revealed good properties in a reservoir unit not previously formation tested.

Lundin Petroleum will switch the rig to license PL519 to drill the Albert exploration prospect.

Well 7/12-13 S was drilled by theMaersk Guardian in PL 450, 9 km (5.6 mi) south of the Ula field.

It was targeting petroleum in Upper Jurassic reservoir rocks in the Gyda segment and in the Ula formation.

This was the first well on the license, awarded under Norway’s APA 2007 round. The rig will next drill wildcat well 2/8-18 S for Faroe Petroleum Norge in the southern North Sea in PL 440 S.

5/7/2012