Luno well test proves positive

Lundin Petroleum has completed production testing of discovery well 16/1-8 on the North Sea Luno field.

Offshore staff

STOCKHOLM -- Lundin Petroleum has completed production testing of discovery well 16/1-8 on the North Sea Luno field. The well was temporarily abandoned in 2007 with the objective to re-enter for future testing (DST) and permanent abandonment.

The well 16/1-8 was re-entered, perforated, and tested in two intervals with flow rates up to approximately 5,700 b/d of oil (900 cu m/day) through a 1-in. (2.5-cm) choke.

Production testing operation was carried in a water depth of 108 m (354 ft) using the Transocean Winner. The well will now be permanently plugged.

“The test results from this well are positive,” says Ashley Heppenstall, president and CEO of Lundin Petroleum. “We are proceeding with the preparation of the field development plan for Luno in tandem with a further appraisal well in early 2010 which will allow us to optimize the development plan and potentially increase Luno recoverable reserves.”

10/13/2009

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