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Lundin Awarded Drilling Permit in Production Licence 338

Source: www.gulfoilandgas.com 12/3/2013, Location: Europe

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/1-18, cf. Section 8 of the Resource Management Regulations.

Well 16/1-18 will be drilled from the Island Innovator drilling facility at position 585028.11 north and 021721.97 east in production licence 338.

The drilling programme for well 16/1-18 relates to drilling of an appraisal well in production licence 338. Lundin is the operator with an ownership interest of 50 per cent. The other licensees are OMV (Norge) AS with 20 per cent, Statoil Petroleum AS and Wintershall Norge As with 15 per cent each.

The area in this licence consists of parts of block 16/1. The well will be drilled southeast on the Edvard Grieg field in the central part of the North Sea.

Production licence 338 was awarded on 17 December 2004 (APA 2004). This is the ninth exploration well to be drilled within the licence area.

The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

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