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Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has completed the drilling of wildcat well 26/10-1.

The well investigated the hydrocarbon potential of the Zulu prospect in PL674BS, which is located 100 km west of Stavanger on the Norwegian west coast and approximately 30 km northeast of the Johan Sverdrup discovery.

The main objective of well 26/10-1 was to test the hydrocarbon potential in the Miocene Utsira Formation sand.

The well encountered Utsira Formation sand with very good reservoir quality. The well encountered gas in an upper 24 metres sand sequence. Pressure measurements imply a gas column of 36 metres at the well.

Thorough logging and sampling has been performed. Fluid data will be analysed and detailed mapping performed for resource potential evaluation. The well is being plugged and abandoned as a gas discovery.

The well was drilled by the drilling rig Island Innovator to a total depth of 995 metres subsea and was terminated in sediments of presumed Oligocene age Hordaland Group. The well was drilled in a water depth of 140 metres on the Patch Bank Ridge.

This well was the first exploration well in licence PL674BS, which was awarded as a part of PL674 in APA 2012 and carved out as a separate licence in 2014.

Lundin Norway is operator with a 35 percent working interest. Petrolia Norway and E.ON E&P Norge are partners with 35 and 30 percent working interest respectively.