Lundin Petroleum through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that the Johan Sverdrup appraisal well 16/3-6, located in the eastern part of PL501, found an oil column of 11.5 metres in good quality sandstone of Upper Jurassic age. The well is successfully completed.

Appraisal well 16/3-6 is located at the eastern flank of the Johan Sverdrup discovery. It was drilled approximately 5.1 km south-east of the discovery well 16/2-6, approximately 1.9 km north of well 16/3-4 and 3.3 km south-east of well 16/2-13S. The well found a 24 metres gross reservoir section of which 11.5 metres was above the Oil Water Contact (OWC). The reservoir sequence is entirely of late Jurassic age and consists of reservoir sandstone of excellent quality with a high net to gross ratio. The reservoir is resting directly on granitic basement.

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