Luno lines up well on Petrovskaya

Lundin Petroleum plans to spud its latest exploration well in the Russian sector of the Caspian Sea shortly.

Offshore staff

STOCKHOLM, Sweden – Lundin Petroleum plans to spud its latest exploration well in the Russian sector of the Caspian Sea shortly. The well will be drilled on the Petrovskaya prospect, a large, four-way dip closure structure updip and on trend with last year’s Morskaya discovery.

In the Norwegian North Sea, the company hopes to build on its success to date in the Greater Luno Area. Lundin is drilling an extension well on the Luno field, which has estimated reserves of over 100 MMboe.

Over the next four months, the company plans to drill at least four more exploratory wells in the area, targeting net prospective resources of 300 MMboe.

08/12/2009

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