Lime Petroleum participates in North Sea exploration well

12 Jan 2023 11:08 CET

Lime Petroleum AS (“Lime”) is pleased to announce that the operator, Aker BP,
has started drilling an exploration well in the North Sea licence PL867/B on 11
January 2023. Lime has a 20 per cent interest in the licence. The well targets
the Gjegnalunden prospect in the prolific Hugin reservoir.

Mr Lars Hübert, Chief Executive Officer of Lime, said, “Lime has been active in
this part of the North Sea for a long time, and we are very excited about the
spud of the Gjegnalunden well. A discovery on Gjegnalunden can readily be
developed and tied to nearby fields. It will also support prospectivity in the
neighbouring licence PL818 Orkja, where Lime holds a 30% stake.”

The licence PL867 is located on the Gudrun Terrace in the Central North Sea.
Drilling will be conducted in water depths of 116 metres using Saipem’s Scarabeo
8 semi-submersible rig and is expected to take 27 days.

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