New well near Avaldsnes

Lundin Petroleum has received a permit for a new Norway exploration well in the PL338 licence area near the Greater Luno field.
The new well, 16/3-4 is just six kilometres (3.75 miles) the southeast of the huge Avaldsnes discovery made last year which is currently estimated to contain between 100 and 400 million barrels of oil equivalent. MMboe within PL501. Avaldsnes itself is 25 km (15.6 miles) east of the Luno field.