Lundin Petroleum completes clapton exploration well in Southern North Sea:
Lundin Petroleum AB’s (Lundin Petroleum) wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Clapton exploration well 2/8-18S in PL440S. The well is located about 5 km east of the Eldfisk Øst Field and 10 km north of the Valhall Field in the North Sea.
The primary exploration target was to prove hydrocarbons in chalks of the Shetland Group.
The well encountered reservoir rocks as expected in the Shetland Group. The reservoir properties were poorer than expected. Data acquisition and sampling have been carried out.
The well was drilled to a vertical depth of 2,619 m below the sea surface and was terminated in Creatceous rocks of the Hidra Formation. Water depth at the site is 69 metres and the well was drilled by the jack-up rig Maersk Guardian. The well will now be permanently plugged and abandoned as a dry well.
Lundin Norway is a partner in PL440S with 18 percent interest. The Operator is Faeroe Petroleum with 40 percent. The other partners are Dana (20%), Noreco (12%) and Det norske (10%).
Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia. The Company is listed at the NASDAQ OMX, Stockholm (ticker “LUPE”) and at the Toronto Stock Exchange (TSX) (Ticker “LUP”). Lundin Petroleum has proven and probable reserves of 211 million barrels of oil equivalent (MMboe).
