Lundin Petroleum spuds oil exploration well in the Barents Sea

Source: Lundin Petroleum

Lundin Petroleum AB (Lundin Petroleum) (LUP.TO)(LUPE.ST) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced the drilling of well 7120/6-3 S in PL490 on the Snurrevad-Juksa prospect in the Barents Sea.

The well is located 10 km to the north west of the Snøhvit field. The main objective of the well is to prove the presence of hydrocarbons in lower Cretaceous/upper Jurassic reservoirs.

Lundin Norway AS is the operator of PL490 with 60 percent interest. Partners are Noreco Norway AS and Spring Energy Norway AS with 20 percent interest each. Subject to approval from the authorities Spring Energy Norway AS will acquire a 10 percent interest, increasing their interest to 30 percent. Lundin Norway AS will have a 50 percent working interest after the farmout.


Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013