The appraisal well 16/2-16 well was drilling in license PL501 is located about 3km from the discovery well 16/2-6, the recent well 16/2-13A in PL501 and well 16/2-10 located in PL265.

The well was drilled to a depth of 2,188m below mean sea level (MSL), said the oil and gas exploration and production company.

Lundin spud the well to establish the depth to the top reservoir; the quality of the reservoir; the oil and water contact depth; and the aquifer quality.

The company intersected the top of the reservoir at 1,924m below MSL and oil water contract was encountered at 1,925m.

Lundin observed that the oil water contact in the appraisal well was the same as in 16/2-13A well and is approximately 3m deeper than in the other wells spud in PL501.

The company encountered 15m sand in 60m Jurassic sequence.

Lundin Norway will side track the well to around 1,000m westward to gain a better understanding of the lateral variations in the reservoir qualities.

With 40% interest in PL501, Lundin Norway is the operator of the license while partners Statoil Petroleum and Maersk Oil Norway have 40% and 20% interests in it respectively.