Lundin Petroleum Successfully Completes North Sea Appraisal Well
29 August 2014 - 9:38AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish oil and gas company Lundin Petroleum AB
(LUPE.SK) said Friday it has successfully completed drilling of
appraisal well 16/4- 8 S on the Luno II discovery, in the North
Sea.
The well encountered a gross oil column of 30 metres.
Following the results of 16/4-8 S, the gross contingent resource
range for Luno II is estimated at between 27 million and 71 million
barrels of oil equivalents.
Following recent transactions, and subject to government
approval, Lundin Norway holds a 50% interest in the production
licence, OMV Norge AS a 20% interest, Statoil Petroleum ASA a 15%
interest and Wintershall Norge AS a 15% interest.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires