Oct. 2012 - The Bredford Dolphin (mid-water semisub) wrapped up drilling operations at Lundin's Albert prospect offshore Norway. Well 6201/11-3 was drilled to 9,760 feet and penetrated a thin Cretaceous oil bearing reservoir. The reservoir was found at a depth where the primary target was expected to be encountered. Due to the makeup of the structure and uncertain distribution, an estimation of resources in place cannot be made at this time. A minor column of movable hydrocarbons was encountered in a Paleocene secondary target. Further geophysical and geological studies are required to clarify the potential of the discovery.

Aug. 2012 - Lundin Petroleum reported that the Bredford Dolphin (mid-water semisub) is slated to return to the Albert field location (PL 519) in 3Q 2012 to finish drilling operations. The exploratory well was spud and temporarily suspended in June because the semisub needed to be reclassified. The main objective of the well is to test the Cretaceous and Triassic age sandstones of a multiple target structure.

Jun. 2012 - Noreco reported that exploratory drilling on well 6201/11-3 in Production License 519, targeting the Albert prospect, has been temporarily suspended until August. The Bredford Dolphin (mid-water semisub) is moving to a Norwegian yard to complete its five-year renewal survey before returning to complete the Albert exploration well.

May. 2012 - Lundin Petroleum has commenced drilling exploration well 6201/11-3 in PL519 in the Norwegian sector of the North Sea. The well will target the Albert prospect. The main objective of the well is to test Cretaceous and Triassic age sandstones of a multiple target structure. Lundin Petroleum estimates the Albert prospect contains unrisked, gross, prospective resources of 177 MMboe. The planned total depth is 10,335 feet (3,150 meters) below mean sea level and the well will be drilled using the Bredford Dolphin (mdi-water semisub). Drilling is expected to take approximately 55 days.

Feb. 2012 - Lundin Norway has received consent to carry out exploratory drilling in the Norwegian sector of the North Sea with the Bredford Dolphin (mid-water semisub). The consent permits Lundin to act as operator at exploratory well 6201/11-3, which is part of production License 519. Water depth of the site is 1,257 feet (383 meters). Drilling operations should take roughly 53 days, depending on whether a discovery is made.

Jan. 2012 - Lundin plans to spud the Albert prospect, located in PL 519, in the 1Q of 2012. The operator will use the Bredford Dolphin (mid-water semisub) to perform drilling operations. The well is targeting a major fault bound north of the Tampen Spur hydrocarbon province. Lundin operates the license with a 40 percent interest; while Spring Energy holds 20 percent; Noreco holds 20 percent; and Bayerngas holds 20 percent.