Lundin Receives Approval for Johan Sverdrup Appraisal Well (Norway)

Lundin Norway AS has received a drilling permit for well 16/3-5, cf. Section 8 of the Resource Management Regulations.

The Norwegian Petroleum Directorate has informed that the well 16/3-5 will be drilled from the Bredford Dolphin drilling facility in position 58°46’31.59’’ north 02°42’18.59’’ east for Lundin Norway AS in drilling permit 501.

The drilling programme for well 16/3-5 concerns the drilling of an appraisal well in production licence 501. Lundin is the operator with an ownership interest of 40 per cent. The other licensees are Statoil Petroleum AS with 40 per cent and Maersk Oil Norway AS with 20 per cent.

The area in this licence consists of parts of blocks 16/2, 3, 5 and 6. The well will be drilled about 2.9 kilometres east of well 16/2-7 and south of well 16/3-4 on Johan Sverdrup in the central part of the North Sea.

Production licence 501 was awarded on 23 January 2009 (APA 2008). This is the twelfth well drilled within the area covered by the permit.

Johan Sverdrup is one of the largest discoveries made on the Norwegian continental shelf (NCS) since the mid 1980s. First oil from the field is expected to start flowing in the last quarter of 2018.

[mappress]
November 23, 2012