Lundin Petroleum: Johan Sverdrup Appraisal Well Hits Oil Column

Lundin Petroleum  has announced that the Johan Sverdrup appraisal well 16/2-21 located in PL501 is successfully completed.

Well 16/2-21 appraised the Johan Sverdrup discovery 3.8 km north of well 16/5-2S and 2.5 km west of well 16/2-7 and found a net oil column of 12 metres in a gross Jurassic reservoir sequence of 30 metres. The Jurassic sequence has excellent reservoir quality with a high net to gross ratio.

The oil water contact was established at 1,922 meters below mean sea level.

The well was drilled to a total depth of 2,045 metres below mean sea level and will now be plugged and abandoned.

Ashley Heppenstall President and CEO of Lundin Petroleum comments; “The latest Johan Svedrup appraisal well provides a further important data point and will be incorporated into the latest reservoir model which will be used to update resource estimates later this year. The well again encountered Volgian reservoir of excellent quality and high net to gross above the oil water contact. The top reservoir was encountered within our range of pre drill estimates.”

The well was drilled using the semi-submersible drilling rig Bredford Dolphin. The rig will now drill well 16/3-6 also located in PL501 to appraise the north-eastern flank of the discovery.

Lundin Norway is the operator in PL501 with 40 percent interest. Partners are Statoil Petroleum AS with 40 percent interest and Maersk Oil Norway AS with 20 percent interest.