Lundin Granted Consent to Drill North Sea License



The Petroleum Safety Authority Norway granted consent to Lundin Norway AS to carry out exploratory drilling on well 16/1-15 in the Norwegian sector of the North Sea. Drilling of the well will take place in Production License 338 in a water depth of 364 feet (111 meters).

Drilling is scheduled to start in January 2011 and last for about 39 days, but up to 96 days if discoveries are made that warrant formation testing and drilling of any sidetrack wells. The Bredford Dolphin semisub will perform the drilling operations. Lundin operates the license, holding a 50% interest.

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