Lundin to drill wildcat off Norway with Island Innovator
- Business & Finance
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for the well 7220/11-1, in the Barents Sea, offshore Norway.
Well 7220/11-1 will be drilled from the semi-submersible drilling rig Island Innovator at position 72o 03` 26.84″ north and 20o 32´ 45.71″ east.
The drilling programme for well 7220/11-1 relates to the drilling of a wildcat well in production licence 609. Lundin Norway AS is the operator with a 40% ownership interest and the operator is Idemitsu Petroleum Norge AS with 30% and RWE Dea Norge AS with 30%.
This production licence consists of the blocks/part of blocks 7220/6, 7220/9, 7220/11, 7220/12 and 7221/4. Production licence was awarded in the 21st licensing round in 2011.
Wildcat well 7220/11-1 will be the first 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.