EQNR Equinor ASA

   By Dominic Chopping 
 

STOCKHOLM--Sweden's Lundin Petroleum AB (LUPE.SK) said Wednesday it has made an oil discovery after drilling exploration well 16/4-9 S on the Luno II North prospect in the central North Sea sector of the Norwegian Continental Shelf (NCS).

The well encountered a gross oil column of 23 metres and the gross contingent resource range for the Luno II North discovery, representing the southern part of the prospect, is estimated at 12 million to 26 million barrels of oil equivalents.

Analysis of the economic viability of the various development concepts is ongoing.

Lundin Norway AS is the operator of production licence PL359 with a 50% working interest. The partners are OMV (Norge) AS with 20%, Statoil Petroleum ASA with 15% and Wintershall Norge AS with 15% working interest.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

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