Sverdrup side track offshore North Sea completed as oil well

Lundin Norway AS has completed the 16/2-13S appraisal well northeast of its Johan Sverdrup discovery as an oil producer.

Offshore staff

STOCKHOLM, Sweden –Lundin Norway AS has completed the 16/2-13S appraisal well northeast of its Johan Sverdrup discovery as an oil producer.

The well encountered a 25 m (82 ft) gross oil column inUpper and Middle Jurassic sandstones in an “oil-down-to” situation. A comprehensive logging and coring program confirms excellent reservoir properties.

The well was drilled to 2,060 m (6,759 ft) below sea level into pre-Permian rocks. The well was drilled with the semisubmersible drilling rigTransocean Arctic.

The well will now be side tracked 1,250 m (4,101 ft) north to investigate the depth to top reservoir, lateral thickness, and property variations of the Jurassic reservoir, as well as to establish an oil water contact. The side track will take approximately 30 days.

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

8/28/2012

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