NPD sanctions North Sea wildcats

Lundin Norway has approval from the Norwegian Petroleum Directorate for wildcat drilling in the North Sea.

Offshore staff

OSLO -- Lundin Norway has approval from the Norwegian Petroleum Directorate for wildcat drilling in the North Sea.

Well 16/1-14 will be drilled by the semisub Transocean Winner in production license 338 following the completion of another exploratory well for Lundin in PL 501.

Lundin operates PL 338 with a 50% interest, in partnership with RWE Dea Norge (20%) and Wintershall Norge (30%). The area in the license comprises the central and southeastern parts of block 16/1. The well will be drilled 4 km (2.5 mi) south of the 16/1-9 well (Draupne) and about 25 km (15.5 mi) east of 15/3-1 S (Gudrun) in the central part of the Norwegian North Sea.

This will be the fifth well to be drilled on the license 338, which was awarded under Norway’s APA 2004) licensing round.

Petroleum Safety Authority Norway has cleared Det norske oljeselskap to drill an exploratory well 15 km (9 mi) northeast of the Varg field in the North Sea, using the semi-sub Bredford Dolphin. Well 15/9-24 will be drilled in PL 408, in a water depth of 80 m (262 ft).

The planned duration should be around 35 days if the well proves to be dry, or 67 days in the event of a discovery which then will include logging and coring operations and a geological side-track.

06/01/2010

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