Lundin Petroleum commences drilling of exploration well on Ogna prospect

Lundin Petroleum AB, an oil and gas exploration and production company, has commenced drilling of exploration well 8/5-1 in PL453S.

The well will target the Ogna prospect, which is located some 65km from the Ula Field in the North Sea, offshore Norway.

The main objective of well 8/5-1 is to prove the presence of hydrocarbons in Upper to Middle Jurassic reservoirs. Lundin Petroleum estimates the Ogna prospect to contain unrisked, gross, prospective resources of 156 million barrels of oil equivalent (MMboe).

The planned total depth is 2,444 meters below mean sea level and the well will be drilled using the jack-up rig Marsk Guardian. Drilling is expected to take approximately 50 days.

Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, is the operator and has a 35% working interest in PL453. Partners are Det norske oljeselskap with 25%, Noreco with 25% and VNG Norge with 15% interest.