Lundin starts redevelopment, begins drilling at Thistle field for the first time in 20 years

Lundin Petroleum AB announced the resumption of drilling on its Thistle field for the first time in over 20 years.

The resumption of drilling marks a significant milestone in the re-development of the Thistle platform following a USD 170 million investment in the fabric and integrity of the asset. The investment includes a USD 80 million re-activation and improvement of the drilling rig including the installation of a top drive.

A 3D seismic acquisition program completed in 2008 has identified a number of new drilling and workover opportunities which has increased the ultimate recoverable reserves from the Thistle and Deveron fields.



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