North Sea operator Lundin Petroleum has spudded an appraisal well on the Luno II discovery, offshore Norway.
The 16/4-8 S is located in PL359, 5km southeast of the original discovery well, and will appraise the Luno II Central South basin, targeting Jurassic/Triassic age reservoirs.
The planned total depth is approximately 2,700m below sea level; it will be drilled with the semi-submersible rig Bredford Dolphin and take about 50 days.
The company has recently acquired an additional 30% interest in the PL359 licence from Premier Oil which increased its stakes in the asset to 40% – but it is looking to bump that figure by an additional 25%.
Statoil holds a 15% interest while OMV Norge has entered into an agreement to increase its interest from 15 to 20%, subject to governmental approval.
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