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Lundin spuds appraisal well 16/3-7 on Johan Sverdrup discovery

STOCKHOLM -- Lundin Petroleum AB, through its wholly-owned subsidiary Lundin Norway AS, has announced that the drilling of appraisal well 16/3-7, on the Johan Sverdrup discovery, has commenced.

The well is located in the south-eastern part of the discovery with the objective to establish the depth, quality and thickness of Jurassic reservoir sequences approximately 4 km southwest of exploration well 16/3-2, drilled just outside the Johan Sverdrup discovery in 1976, and approximately 3 km further southeast of the recent successful appraisal well 16/3-5.

Reducing the uncertainty related to field outline, reservoir thickness and quality as well as determining the oil water contact in this area will provide important information to the up-coming development of the Johan Sverdrup discovery.

The planned total depth is approximately 2,075 m below mean sea level and the well will be drilled using the semi-submersible drilling rig Bredford Dolphin. The drilling operation is expected to take approximately 45 days.

Lundin Petroleum is the operator of PL501 with 40 percent interest. The partners are Statoil Petroleum AS with 40 percent interest and Maersk Oil Norway with 20 percent interest.



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