Lundin
Petroleum: Norway drilling operations update
Posted: 14 April 2004
Lundin Petroleum AB provided an update on drilling operations on
license PL 150, offshore Norway.
Marathon Oil Corporation , the operator, and Det Norske Oljeselskap
AS (DNO) announced an oil and gas discovery on the Hamsun well 24/9-7,
offshore Norway.
The discovery is located in the PL 150 license area.
As previously announced, Lundin Petroleum has entered into an agreement
to acquire certain DNO assets in Norway, including DNO's 35 per
cent interest in the PL150 license.
Approval and completion of these Norwegian assets is expected in
the second quarter of 2004.
Ashley Heppenstall President and CEO of Lundin Petroleum commented
"We are extremely pleased to start our 2004 exploration drilling
campaign with a discovery.
The Hamsun discovery has been appraised by the three sidetracks
conducted and is also close to existing infrastructure which we
believe will lead to an early development"
Lundin Petroleum is a Swedish independent oil and gas exploration
and production company with a well balanced portfolio of world-class
assets in Albania, France, Indonesia, Iran, Ireland, Netherlands,
Norway, Sudan, Tunisia, United Kingdom, Venezuela and Albania. The
Company is listed on the O-list at Stockholmsbörsen, Sweden.
For more information see www.lundin-petroleum.com
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
