Lundin spuds exploration well on the Lindarormen prospect in the Norwegian Sea

Lundin spuds exploration well on the Lindarormen prospect in the Norwegian Sea

STOCKHOLM, Sweden -- Lundin Petroleum, through its wholly owned subsidiary Lundin Norway AS, has announced that drilling of exploration well 6405/12-1 in PL584 has commenced.

The well will investigate the hydrocarbon potential of the Lindarormen prospect in PL584, located 150 km northwest of Kristiansund on the Norwegian coast, approximately 80 km northeast of the Ormen Lange field.

The main objective of well 6405/12-1 is to test the reservoir properties and hydrocarbon potential of Paleocene sandstones in the Raas basin. Lundin estimates the Lindarormen prospect to have the potential to contain unrisked, gross prospective resources of 194 MMboe.

The planned total depth is 3,280 m below mean sea level, and the well will be drilled using the semisubmersible drilling unit, Bredford Dolphin. Drilling is expected to take approximately 60 days.

Lundin Norway is the operator and has a 60% working interest in PL584. Bayerngas Norge is the partner with a 40% working interest.