Lundin Spins Drill Bit at Johan Sverdrup Appraisal Well (Norway)

Lundin Petroleum AB has announced that drilling of appraisal well 16/2-21, in PL501, on the Johan Sverdrup discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS), has started.

The well is located in the central part of the discovery, which Lundin Petroleum has previously referred to as the “B” location, with the objective to establish the depth, quality and thickness of the Jurassic reservoir sequences. The closest well, 16/2-7, is located approximately 2.5 km to the east. Well 16/5-2S is located 3.8 km to the south. The relatively large distances to the closest wells in this central area of Johan Sverdrup reflects the size of the discovery. Well 16/2-21 is expected to improve the understanding of the field outline, the resource base and the reservoir characteristics in this area. This will, in turn, provide valuable information for developing a drainage strategy and the upcoming field development decisions at Johan Sverdrup expected in the fourth quarter of 2013.

The planned total depth is approximately 2,050 metres below mean sea level and the well is being drilled by using the semi-submersible drilling rig Bredford Dolphin. The drilling operation is expected to take approximately 50 days.

Well 16/2-21 is the first of a three-well appraisal drilling campaign at Johan Sverdrup, in PL501, to be drilled during 2013.

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