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

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs