North Sea Luno II discovery could extend east

Lundin Norway has completed testing of its recent Luno II discovery in the central Norwegian North Sea.

Offshore staff

STOCKHOLM, Sweden – Lundin Norway has completed testing of its recent Luno II discovery in the central Norwegian North Sea.

Well 16/4-6S was drilled by the semisubmersibleBredford Dolphin in 101 m (331 ft) of water on license PL359 on the southwest flank of the Utsira High, 15 km (9.3 mi) south of the Lundin-operated Edvard Grieg (ex-Luno) development.

During a test the well flowed more than 2,000 b/d through a 48/64-in. choke with a gas to oil ratio of 1,100 cf/bbl. Lundin believes the Luno II structure spans two separate reservoir segments containing gross resources in the drilled southern segment of 25-120 MMboe, with prospective resources of 10-40 MMboe for the Luno II North segment, and further potential outside these two areas.

The discovery well encountered a Jurassic/Triassic reservoir with a gross oil column of 45 m (148 ft) and an oil-water contact at 1,950 m (6,397 ft) below the sea surface. The oil is saturated and in contact with a gas cap at the top of the reservoir.

Appraisal drilling could follow later this year to further delineate the southern reservoir segment, which at the high end of the resource range could extend into PL410 to the east.

Bredford Dolphin next drills appraisal well 16/2-21 for Lundin on the Johan Sverdrup field in PL501.

5/06/2013

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