Lundin Petroleum Says Aldous Major North Successfully Completed

Lundin Petroleum announced the completion of the exploration well 16/2-9S (Aldous Major North). The well is located in license PL265 on the Norwegian Continental Shelf.

The well 16/2-9S was drilled 12 km northwest of the oil discovery 16/2-8 (Aldous Major South) and located in a different area likely separated by a fault from the Aldous Major South discovery.

The main objective of the well was to prove the continuity and the presence of Upper Jurassic sandstone reservoir north of the Aldous Major South discovery.

A gross oil column within a 8 metres interval was discovered in a Upper Jurassic reservoir. The reservoir was thinner and of lesser quality than anticipated. A comprehensive data and sampling program has been acquired for further evaluation.

The 16/2-9S was drilled to a vertical depth of 2,047 metres subsea in water depth of 115 metres using the drilling rig Transocean Leader. The well is being plugged and abandoned. The Transocean Leader will now move to drill an appraisal well north of the Aldous Major South discovery.

Lundin Petroleum holds 10 percent interest in PL265. Partners are Statoil Petroleum AS (operator) with 40 percent interest, Petoro (30 percent) and Det norske oljeselskap ASA (20 percent).

Lundin Petroleum is a Swedish independent oil and gas exploration and production company.