The company is drilling the well to a planned total vertical depth of about 2,150m below mean sea level using the Bredford Dolphin semi-submersible rig.
The well aims to appraise the Avaldsnes discovery following the 16/2-6 discovery well in 2010 and the successful appraisal wells 16/3-4 and 16/2-7 drilled earlier in 2011.
Earlier, Lundin Petroleum announced estimated gross contingent recoverable resources for the Avaldsnes discovery, located in production license PL501, of between 800 million and 1.8 billion barrels of oil.
Lundin Petroleum operates PL501 with a 40% interest, while Statoil Petroleum and Maersk Oil Norway hold 40% and 20% interests, respectively.
