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Lundin Norway Granted Drilling Permit for Well 16/1-31 S in PL 338

Source: www.gulfoilandgas.com 1/29/2019, Location: Europe

The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for wilcat well 16/1-31 S, in production licence PL 338. The well will be drilled from the Leiv Eiriksson drilling facility in position 58°51'47.57"N and 02°18'12.33"E after concluding the drilling of wildcat well 7121/1-2 S in the Barents Sea.

Lundin Norway is the operator of PL 338 with an ownership interest of 65 per cent. The other licensees are OMV (Norge) (20 per cent) and Wintershall Norge (15 per cent).

The area in this licence consists of a part of Block 16/1. The well will be drilled about 4 kms northeast of the Edvard Grieg facility in the central part of the North Sea.

Production license 338 was awarded on 17 December 2004 (APA 2004). This is the 11th exploration well to be drilled in the current license, but wildcat wells have previously been drilled within the license area.

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

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