Luno II successful

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Prospects for another Norwegian offshore oil development have been boosted with a successful test on the Luno II discovery.  Premier Oil revealed today that the Luno II find has been tested with a flow rate of up to 2,044 b/d of oil in Norwegian Production Licence 359. Oil which is API rated 36 degrees flowed on a restricted choke with a gas to oil ratio of 1,012 stands cubic metres per barrel. Estimates for the size of the Luno II structure have now been put at between 75 and 130 million barrels of oil equivalent, Premier stated today, of which 80% is liquids.

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