Lundin gets green light from NPD to drill wildcat offshore Norway

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for wellbore 33/2-1, cf. Section 8 of the Resource Management Regulations.

Wellbore 33/2-1 will be drilled from the Transocean Artic drilling facility at position 61°59’30.76” north and 1°32’42.52” east, after completing drilling of wildcat well 6406/12-3 for VNG Norge in production licence 586. The drilling programme for wellbore 33/2-1 relates to drilling of the first well in production licence 555.

Lundin Norway AS is the operator with an ownership interest of 60 per cent. The other licensee is Bayerngas Norge AS (40 per cent). The area in this licence consists of block 33/2. The well will be drilled about 200 kilometres west of Måløy. Production licence 555 was awarded on 19 February 2010 (APA 2009). This is the first well to be drilled in the licence.

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

Press Release, April 25, 2014

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