Wednesday 28 February 2018

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 7220/11-5 S, cf. Section 15 of the Resource Management Regulations.

Well 7220/11-5 S will be drilled from the Leiv Eiriksson drilling rig in position 72o01' 21.08" north and 20o29' 21.15 east.

The drilling programme for well 7220/11-5 S relates to the drilling of an appraisal well in production licence 609. Lundin Norway AS is the operator with an ownership interest of 40 per cent. The other licensees are Idemitsu Petroleum Norge AS (30 per cent) and DEA Norge AS (30 per cent).

The area in this permit consists of the blocks/parts of blocks 7220/6, 7220/9, 7220/11, 7220/12 and 7221/4. The well will be drilled 4.5 km southwest of the discovery well, 7220/11-1.

Production licence 609 was awarded on 13 May 2011 in the 21st licensing round on the Norwegian shelf.

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