Lundin spuds Fosen prospect offshore Norway

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Lundin Petroleum has started drilling exploration well 16/4-10 on the Fosen prospect, offshore Norway.

The well is about 27km south of the Edvard Grieg field and 11km south of the Luno II discovery.

It will explore the Fosen prospect, on the southern flank of the Utsira High, west of the South Viking Graben in the North Sea. The main objective of the well is to test the hydrocarbon potential and reservoir properties at Jurassic sandstones level.

The Fosen prospect is estimated to contain gross unrisked prospective resources of 192 MMboe.

The well's planned total depth is about 2500m. The well will be drilled with the semisubmersible drilling unit Island Innovator and is expected to take approximately 50 days.

Lundin Norway is the operator of PL544 with a 40% working interest. Partners are Lime Petroleum Norway with 30% interest and Bayerngas Norge, also with 30% interest.

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