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Lundin Norway AS granted permit

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Oilfield Technology,

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-2, cf. Section 8 of the Resource Management Regulations.

Well 7220/11-2 will be drilled from the Island Innovator drilling facility in position 72°00`37.56" north and 20°26´09.12" east.

The drilling programme for well 7220/11-2 relates to the drilling of an appraisal well in production licence 609. Lundin Norway AS is the operator with a 40% ownership interest, and the licensees are Idemitsu Petroleum Norge AS with 30% and RWE Dea Norge AS AS with 30%.

The production licence consists of the blocks/parts of blocks 7220/6, 7220/9, 7220/11, 7220/12 and 7221/4. The production licence was awarded in the 21st licensing round in 2011.

Wildcat well 7220/11-2 will be the second exploration well in production licence 609.

The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

Adapted from press release by Joe Green

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