Luno apprasial finds oil/water contact, extension

Operator Lundin Petroleum has drilled a second appraisal well, 16/1-13, on the Luno discovery in block 16/1 on the Norwegian continental shelf.

Offshore staff

STOCKHOLM -- Operator Lundin Petroleum has drilled a second appraisal well, 16/1-13, on the Luno discovery in block 16/1 on the Norwegian continental shelf.

The well’s objective was to further appraise the Luno oil discovery, which was originally confirmed by appraisal well 16/1-10.

The well confirmed the oil/water contact and extension of the discovery. It proved an approximate 50-m (164-ft) oil column in Jurassic sediments with excellent reservoir characteristics and did not require production tests, the company says.

Lundin has collected well data, including multiple cores and fluid samples. The data will be further analyzed and incorporated into the Luno reservoir model, which forms the basis for the ongoing field development planning. Lundin Petroleum currently has certified 2P reserves of 95 MMboe for the Luno field.

The semisub Transocean Winner drilled appraisal well 16/1-13 to 2,275 m (7,464 ft) TVD below sea level.

01/13/2010

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