Lundin Petroleum, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) says that the drilling of exploration well 16/4-6S on the Luno II prospect has resulted in a potentially significant oil discovery. The well is located in PL359 in the central North Sea sector of the Norwegian Continental Shelf (NCS). The well will now be tested.

The well was drilled in water depths of 101 metres and is located on the south western flank of the Utsira High approximately 15 km south of the Lundin Petroleum operated Edvard Grieg field.

The well has drilled through a section of close to 200 metres of sand with a high net-to-gross content. A gross oil column in excess of 40 metres has been proven. The oil water contact was encountered at approximately 1,950 metres below mean sea level. It is a light oil of good quality.

Tags: Lundin Petroleum