Lundin Petroleum

Lundin Petroleum’s wholly owned subsidiary Lundin Norway spudded the 16/1-24 exploration well in the Gemini Prospect (PL338C) offshore Norway, 10 km southwest of the Edvard Grieg field. The well’s main objective is to test the reservoir properties and hydrocarbon potential of Lower Paleocene-aged sandstones of the Ty formation. The planned total depth is approximately 2192 m below mean sea level, and the well will be drilled using the semisubmersible rig Island Innovator. Drilling is expected to take approximately 40 days. Lundin (80%) is the operator with partner OMV Norge(20%).