Lundin announces non-commercial gas discovery on Hufsa prospect

11/22/2017

STOCKHOLM -- Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has completed the drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533 in the southern Barents Sea. A non-commercial gas discovery was made in the main well while the sidetrack was dry.

The main objective of the well was to prove oil in Jurassic and Triassic sandstone reservoirs.

The main well 7219/12-2S encountered a gross 22-m gas column while no hydrocarbons were encountered in the sidetrack 7219/12-2A. Extensive data acquisition and sampling have been carried out, including coring, logging and sampling of gas from the wireline tools.

The well was drilled with the semisubmersible drilling rig Leiv Eiriksson, which after completion will proceed to drill the Hurri prospect, also located in PL533.

Lundin Norway is the operator of PL533 with a 35% working interest. The partners are Aker BP with 35% and DEA Norge with 30%.

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