Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), has completed the drilling of wildcat well 16/4-7. The well was drilled on PL544 about 14 km northeast of the Sleipner Øst field in the middle part of the Norwegian North Sea.

The exploration well 16/4-7, operated by Lundin Norway, was targeting the Biotitt prospect. The well encountered no hydrocarbons and is being plugged and abandoned as a dry hole.

The primary exploration target of the well was to prove petroleum in Jurassic reservoir rocks. More than 100 m upper Jurassic and Triassic sandstone of excellent reservoir quality was found but was water bearing.

The well is the first exploration well in PL544. The license was awarded in APA 2009.

Tags: Lundin Petroleum