Lundin Petroleum AB announces that drilling of the appraisal well 7/4-2 on the Nemo Field located in Block 7/7 and 7/4 production license PL 148, on the Norwegian Continental Shelf (NCS), has commenced.
The 7/4-2 appraisal well is aimed at proving up sufficient resources for an economic development of the Nemo Field, which was discovered in 1992. The reserves range for the Nemo Field is estimated to be 20-30 million barrels of oil (mmboe) in sandstones of Lower Jurassic/Upper Triassic age. The appraisal well is targeting the higher end of the reserves range.