Wednesday 28 November 2018

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7121/1-2 S, cf. Section 15 of the Resource Management Regulations.

Well 7121/1-2 S will be drilled from the Leiv Eiriksson drilling facility in position 71°47'38.40" North and 21°07'30.53" East.

The drilling programme for well 7121/1-2 S relates to the drilling of a wildcat well in production licence 767. Lundin Norway AS is the operator with an ownership interest of 60 per cent. The other licensee is INPEX Norge AS with 40%.

The area in this licence consists of the following blocks/parts of blocks: 7120/3, 7121/1, 7121/2 and 7121/4. The well will be drilled about 20 kilometres north of the Snøhvit field and about 25 kilometres east of the 7120/2-3 S, (Skalle) gas discovery, and will test the prospect there (Setter/Pointer).

Production licence 767 was awarded on 7 February 2014 in APA 2013 on the Norwegian Shelf. Well 7121/1-2 S is the first well to be drilled in the licence.

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