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Lundin Norway Grants Drilling Permit for Well 7220/11-4 A

Source: www.gulfoilandgas.com 7/17/2017, Location: Europe

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-4 A, cf. Section 8 of the Resource Management Regulations. Well 7220/11-4 A will be drilled from the Leiv Eiriksson drilling facility, at position 72o2' 27.88" north and 20o33' 7.97" east.

The drilling program for well 7220/11-4 A 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 and the licensees are Idemitsu Petroleum Norge AS with 30 per cent and DEA Norge AS with 30 per cent.

The area in this licence consists of the blocks/parts of blocks 7220/6, 7220/9, 7220/11, 7220/12 and 7221/4. The well will be drilled about two kilometres south of the discovery well 7220/11-1 in production licence 609.

Production licence 609 was awarded in the 21st licensing round in 2011.

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

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