Lundin spuds Aldous Major South in the Norwegian North Sea

Source: Lundin Petroleum

Statoil (NYSE:STO) has commenced drilling appraisal/exploration well 16/2-8 on the Aldous Major South structure on license PL265 in the Norwegian North Sea. 

The Aldous Major South structure is believed to be the western continuation of the Lundin-operated (TSX:LUP) PL501 Avaldsnes discovery into PL265, with primary target in sandstone of Upper and Middle Jurassic age. 

Secondary targets are the Cretaceous Shetland Group chalk and the Triassic Skagerrak Formation. 

The planned total depth is 2,085 meters below mean sea level. The well will be drilled with the drilling rig Transocean Leader, and the duration is expected to be 45 days. 

Statoil serves as operator of PL265 with 40 percent interest. Lundin Petroleum holds 10 percent, Petoro holds 30 percent, and Det norske oljeselskap holds 20 percent.



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