Lundin Petroleum Finds New Oilfield in Norwegian North Sea
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Lundin Petroleum AB discovered oil in Norway’s North Sea, claiming a new field in an area that yielded one of the country’s largest recent finds.
The Luno II exploration well discovered oil-bearing sands with a 40-meter (130-foot) column of “good quality” crude, the company said today in a statement. “Luno II appears to be another significant discovery,” Chief Executive Officer Ashley Heppenstal said.