NPD Gives Okay to Talisman to Drill 7/11/-11 S

The Norwegian Petroleum Directorate has granted Talisman a drilling permit for well 7/11-11 S in production license 301. Well 7/11-11 S will be drilled from the Maersk Giant.

The drilling program for well 7/11-11 S relates to drilling of an appraisal well. Talisman Energy Norge AS is the operator with a 60 percent ownership interest, while Dong Norge As has a 40 ownership interest.

The area in this production license consists of blocks 7/8 and 7/11, located in the southern part of the North Sea, west of the Ula/Gyda area. The well is intended to delimit the Mime field, which was shut down in 1993. The purpose of the drilling activity is to prove the additional resources necessary to warrant a new development. Well 7/11-11 S is the second exploration well in production license 301. The first well, which was drilled last year, delimited the 7/8-3 Krabbe oil discovery situated to the north of the Mime field. The production license was awarded in APA (Awards in Pre-defined Areas) 2003.

The drilling permit is conditional upon the operator securing all other permits and consents required by other authorities before the drilling activity commences.

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