Lundin Gets OK to Drill in North Sea with Transocean Rig

Transocean Winner
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Lundin Norway AS received approval to conduct exploratory drilling in the Norwegian sector of the North Sea using the Transocean Winner semisub. The well, 16/7-9, is located in Production License 409 in a water depth of 256 feet (78 meters). Drilling should take about 41 to 56 days. Lundin operates the license, holding a 70% interest; Bayerngas holds 20%; and Statoil holds the remaining.

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