Lundin has been granted consent by the Petroleum Safety Authority (PSA) Norway to drill an exploration well in block 16/1 in the North Sea. Drilling on exploration well 16/1-28 S, which belongs to production license 338, was scheduled to begin in March and will last for approximately 110 days. The company has also been granted a drilling permit by the Norwegian Petroleum Directorate for appraisal well 7220/11-5 S in offshore production license 609. The permit is contingent upon the company securing all other permits and consents required by other authorities before drilling begins. The well will be drilled about 3 miles southwest of discovery well 7220/11-1. Lundin, the operator, has a 40% interest in the well, with Idemitsu (30%) and DEA (30%) holding the remaining interests.
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