Trade Resources Industry Views Norwegian Petroleum Granted Lundin Norway AS a Drilling Permit for Well 25/10-12

Norwegian Petroleum Granted Lundin Norway AS a Drilling Permit for Well 25/10-12

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 25/10-12, cf. Section 8 of the Resource Management Regulations.

Well 25/10-12 will be drilled from the Island Innovator drilling facility at position 59°02'36.7'' north 02°18'13.1'' east in production licence 625 in the central part of the North Sea.

The drilling programme for well 25/10-12 relates to drilling of a wildcat well in production licence 625. Lundin Norway AS is the operator with an ownership interest of 40 per cent. The other licensees are Bayerngas Norge AS, Maersk Oil Norway AS and Petoro AS with 20 per cent each.

The area in this licence consists of the southeastern part of block 25/10. The well will be drilled about 5 kilometres northeast of the oil/gas discovery 25/10-8 Hanz, which is part of the Ivar Aasen field.

Production licence 625 was awarded on 3 February 2012 (APA 2011). This is the first exploration well drilled within the licence area.

The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

Source: http://www.youroilandgasnews.com/news_item.php?newsID=97037
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Drilling Permit for Well 25/10-12 in Production Licence 625
Topics: Metallurgy