Lundin spuds fifth Sverdrup appraisal

by on July 25, 2012 7:57 am BST

The company’s wholly-owned subsidiary Lundin Norway has started drilling the 16/2-13 well on the north-eastern part of the Johan Sverdrup field, which is estimated to hold between 1.7 billion and 3.3 billions barrels of oil equivalent.

The appraisal well lies 2.5 kilometres east of the 16/2-6 well discovery that was made in 2010.

Lundin stated that the main objective of the 16/2-13 well was to determine the top reservoir, reservoir quality and thickness, and oil water contact in this portion of the field.

The semi-submersible Transocean Arctic is expected to take about 45 days to drill the well, which has a planned total depth of 2150 metres.

Lundin operates PL 501 with a 40% interest, while Statoil holds a 40% stake and Mærsk Oil Norway holds the remaining 20% interest.