Lundin begins Phi-North drilling

Lundin Petroleum AB has begun drilling the 15/12-19 exploration well on the Phi-North prospect in block 6/3 and 15/12, production license PL 292, on the Norwegian Continental Shelf.

Feb 19th, 2008

Offshore Staff

STOCKHOLM, Sweden -- Lundin Petroleum AB has begun drilling the 15/12-19 exploration well on the Phi-North prospect in block 6/3 and 15/12, production license PL 292, on the Norwegian Continental Shelf.

The well has a planned depth of approximately 3,100 m (10,171 ft) and will target the middle Jurassic and the Triassic/lower Jurassic reservoir. Drilling, using the jackup Mærsk Guardien, is expected to take two months.

The operator is BG Norge AS. Lundin Petroleum is a partner with 40% interest.

02/19/2008

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