Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS, has successfully completed drilling of appraisal well 16/4-8 S in the Luno II discovery. The discovery is located about 15 km (9.3 miles) south of the Edvard Grieg Field in the North Sea sector of the Norwegian Continental Shelf. The well was drilled 4 km (2.5 miles) southeast of the Luno II discovery well.

The main objectives of well 16/4-8 S were to confirm the reservoir properties and petroleum potential of the central south segment.

The well encountered about 500 m (1,640 ft) of gross sandstone section of Jurassic/Triassic age. A gross oil column of 30 m (98 ft) has been proven, underlying a thin gas cap. The pressure data indicate a barrier toward the discovery well 16/4-6 S. Extensive data acquisition and sampling were carried out in the reservoir.

One production test was performed in the oil zone, producing at a rate of 450 bbl/d through a 28/64-in. choke. Reservoir properties were lower than expected in this part of the structure.

Following the results of the well, the revised gas contingent resource range for Luno II is estimated at between 27 MMboe and 71 MMboe.

The Luno II discovery is located wholly in PL359. Appraisal well 16/4-8 S is the third well drilled in the production license after it was awarded in 2006. The well was drilled to a total depth of 2,700 m (8,858 ft) below sea level in a water depth of 100 m (328 ft).

Offshore