ANADARKO ANNOUNCES FIRST DEEPWATER DISCOVERY OFFSHORE MOZAMBIQUE

ANADARKO ANNOUNCES FIRST DEEPWATER DISCOVERY OFFSHORE MOZAMBIQUE

Anadarko Petroleum Corporation today announced the Windjammer exploration well in the frontier Rovuma Basin offshore Mozambique has reached an intermediate casing point and encountered more than 480 net feet of natural gas pay in high quality reservoir sands, with a gross column of more than 1,200 feet. To date, this well has tested one of the seven identified play types in Anadarko's operated acreage offshore Mozambique. Full text

Lundin commence Luno exploration drilling

2010.02.05 - Field Development

Lundin Petroleum AB has announced that drilling of exploration well 16/4-5 on the Luno High prospect in the Greater Luno Area has commenced. The well in PL359 is located 9 km south of the Luno field on the southern Utsira High in the North Sea.

Well 16/4-5 in PL359 will target sandstones of Jurassic and Triassic age in a combined stratigraphic-/structural trap. The Luno High prospect is estimated to contain gross unrisked prospective resources of 103 MMboe. The well will also test potential basement prospectivity similar to that encountered in well 16/1-12 (Luno South).

The planned total depth is approximately 2,275 meters below mean sea level. The well will be drilled from the semi-submersible drilling rig Transocean Winner. Drilling is expected to take approximately 50 days.

Lundin Petroleum is the operator and has a 40 percent working interest in the license. Partners are Statoil Petroleum AS with 30 percent and Premier Oil Norge AS with 30 percent.




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