Lundin spuds exploration well on Gemini

Lundin Petroleum has announced that drilling of exploration well 16/1-24 in PL338C southwest of the Edvard Grieg field, in the North Sea, has started.

The company received consent from the Petroleum Safety Authority (PSA) Norway to drill this exploration well in January, 2015.

The well will investigate the hydrocarbon potential of the Gemini prospect. The well is located in PL338C approximately 10 km southwest of the Edvard Grieg field.

According to Lundin, the main objective of well 16/1-24 is to test the reservoir properties and hydrocarbon potential of Lower Paleocene aged sandstones of the Ty Formation. Lundin estimates the Gemini prospect to have the potential to contain unrisked, gross prospective resources of 93 million barrels of oil equivalent (MMboe). The planned total depth is approximately 2,192 metres below mean sea level and the well will be drilled using the semi-submersible drilling rig Island Innovator. Lundin says that the drilling operation is expected to take approximately 40 days.

Lundin Petroleum is the operator of PL338C with 80 percent working interest. OMV Norge AS is partner with 20 percent working interest.

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