The objective of the well is to confirm the geological model of the field in order to optimize drainage strategy and placement of development wells, according to Lundin.

The well, which is located on PL338 in the south-eastern part of the Edvard Grieg field, will also seek to identify potential increases to current 2P reserves volume estimates.

The appraisal well, which is having planned total depth of around 2,300m below mean sea level, will be drilled by using the semi-submersible drilling rig Island Innovator.

With 50% interest, Lundin Norway is the operator of PL338, while other partners include OMV Norge with 20%, Statoil Petroleum with 15%, and Wintershall Norge with 15%.

Lundin, which has proven and probable reserves of about 194 million barrels of oil equivalent, include assets in Europe and South East Asia.