Sweden's Lundin Petroleum found more oil at its Luno II discovery off Norway and will submit a development plan by the end of this year, the company said on Monday.
The company said that the previous gross resource range for the Luno II discovery of 30 to 80 million barrels of oil equivalent (MMboe) has been increased to between 40 and 100 MMboe.
Lundin Petroleum is the operator of the field with a 50 percent stake.
The partners for the field are Austria's OMV with 20 percent interest while Norway's Statoil and Germany's Wintershall each hold a 15 percent share.
By Murat Temizer
Anadolu Agency
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