Lundin spuds exploration well on Luno extension

Offshore staff

STOCKHOLM -- The semisubmersible Songa Dee has spudded exploration well 16/1-12 on the Luno extension prospect in block PL 338 on the Norwegian continental shelf (NCS), according to Lundin Petroleum.

The well will target the hydrocarbon potential of sandstones of Middle and Upper Jurassic age in a prospect in the south of the license block with gross potential, unrisked, recoverable resources of 240 MMboe, the company says.

The well’s planned depth is approximately 2,300 m (7,546 ft) below mean sea level. Drilling is expected to take approximately 55 days, excluding possible testing.

Lundin Petroleum is the operator of PL338 with 50% interest. Partners are Wintershall Norge ASA with 30% and RWE Dea Norge AS with 20% interest.

07/29/2009