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Lundin Energy AB ADR T.LUP


Primary Symbol: LNEGY

Lundin Energy AB is an oil and gas exploration and production company in Europe, with operations focused on Norway. The company's main business is exploration, development, and production of oil and gas. Lundin Energy targets 200,000 barrels of oil equivalent per day and a pipeline of future growth opportunities, joined with industry- leading efficiency and low carbon emissions per barrel. Geographically, the company has offices in Norway, Sweden, and other countries. The firm generates revenue from crude-oil production.


OTCPK:LNEGY - Post by User

Post by derrickanithaon Nov 25, 2015 7:30am
110 Views
Post# 24322880

Lundin Spuds Ornen Prospect, Barents Sea

Lundin Spuds Ornen Prospect, Barents Sea

Lundin Petroleum has commenced the drilling of exploration well 7130/4-1 in the Ornen prospect, located in PL708, Barents Sea.

The reservoir is expected to consist of Upper Permian carbonates. The Ornen prospect is estimated to contain gross unrisked prospective resources of 354 MMBOE. 

The well will be drilled by the semi-submersible drilling unit Transocean Artic to a planned total depth of approximately 2,630m below mean sea level. The drilling operation is expected to take approximately 60 days....

For more: https://www.1derrick.com/lundin-spuds-ornen-prospect-barents-sea/16999/

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