Lundin spuds Ogna well

January 14, 2013

Ogna well targets upper, middle Jurassic oil

Maersk Guardian jack-upMaersk Guardian jack-up rig

Lundin Petroleum has commenced drilling on exploration well 8/5-1 in PL453S off Norway, the company confirmed on 14 January 2013.

The exploration well seeks to prove the presence of hydrocarbons in the upper to middle Jurassic reservoirs of the Ogna prospect, located 65km from Ula field in the southern North Sea.

The Maersk Guardian jack-up will drill the well to a planned total depth of 2,444m below mean sea level. The program is expected to take 50 days.

Lundin Petroleum estimates the Ogna prospect to contain unrisked, gross, prospective resources of 156 million barrels of oil equivalent (MMboe).

Lundin Petroleum operates PL453 with 35% working interest. Its partners include Det norske oljeselskap (25%), Noreco (25%) and VNG Norge (15%).



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