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Drilling Permit for Well 7130/4-1 in PL708

Source: www.gulfoilandgas.com 11/13/2015, Location: Europe

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7130/4-1, cf. Section 8 of the Resource Management Regulations. Well 7130/4-1 will be drilled from the Transocean Arctic drilling facility in position 713155.66? north and 301007.90? east, after completing the drilling of wildcat well 6406/12-5 S in production licence 586 for VNG Norge AS.

The drilling programme for well 7130/4-1 relates to the drilling of an exploration well in production licence 708 where Lundin Norway AS is the operator with an ownership interest of 40 per cent. The other licensees are Lukoil Overseas North Shelf AS (20 per cent), Edison Norge AS (20 per cent), Lime Petroleum Norway AS (10 per cent) and Pure E&P Norway AS (10 per cent). The area in this licence consists of block 7130/7 and the southern half of block 7130/4. The well will be drilled about 85 kilometres north of Berlev?g in Finnmark.

Production licence 708 was awarded on 21 June 2013 (22nd licensing round). This 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.

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