Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), has commenced drilling of exploration well 33/12-10 S in PL631.

The well will investigate the hydrocarbon potential of the Vollgrav South prospect in PL631, which is located 150 km west of Florø on the Norwegian west coast and between the giant Gullfaks and Statfjord fields.

The main objective of well 33/12-10 S is to test the reservoir properties and hydrocarbon potential of the Upper Jurassic Sandstones equivalent to the reservoir in the Borg Field (which forms part of the Tordis Field discovered by Saga Petroleum 20 km further north in 1992). Lundin Petroleum estimates the Vollgrav South prospect to have the potential to contain unrisked, gross prospective resources of 57 million barrels of oil equivalent (MMboe).

Tags: Lundin Petroleum