The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS drilling permit for wellbore 16/1-8, ref. Section 8 of the Resource Regulations.

Wellbore 16/1-8 will be drilled from the Bredford Dolphin drilling facility at position 58° 50' 08.63'' North and 2° 14' 06.36'' East after completion of drilling of wildcat well 24/9-8 for Det Norske Oljeselskap ASA in production licence 305.

The drilling program for wellbore 16/1-8 relates to drilling of a wildcat well in production licence 338.

Lundin is the operator, with a 50% participating interest, while the other licensees are Revus and RWE-DEA with 30 and 20 per cent, respectively. The area in this licence consists of the south-eastern part of block 16/1. Well 16/1-8 is located about 15 kilometres east of the discovery 15/3-1 S Gudrun and about 30 kilometres north-east of the discovery 15/6-9 S Ermintrude in the North Sea.

Production licence 338 was awarded in APA in 2004. This is the first well to be drilled in the production licence.

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