Lundin Energy secures well drilling permit in Norwegian North Sea

The wildcat well will be drilled about 65km southeast of the Johan Sverdrup field, targeting the Dovregubben prospect.

Lundin Energy Norway operates the production licence 976 with majority stake. Credit: Viktor Kharlashkin / Unsplash.

Lundin Energy Norway has received a drilling permit from the Norwegian Petroleum Directorate (NPD) for the well 17/8-1 in the North Sea.

Located in production licence 976, the wildcat well will be drilled about 65km south-east of the Johan Sverdrup field.

Planned to be drilled to be a depth of 119m, the well drilling will target the Dovregubben prospect.

Lundin Energy’s Norwegian subsidiary Lundin Energy Norway plans to utilise the Deepsea Stavanger semi-submersible drilling rig for drilling operation, which is expected to start in October 2021.

Drilling operations at the well are planned to be carried out for about 27 days.

However, the permit from the NPD is subject to the operator securing all other permits and consents required by other authorities before the start of drilling operations at the well.

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Lundin Energy Norway operates the production licence 976 with a 50% interest. The other license partners include Repsol Norge (30%) and Petoro (20%).

The permit also comprises parts of blocks 17/4, 17/5, 17/6, 17/7, 17/8 and 17/9.

Recently, NPD had granted approval to Repsol to start up the $1.36bn (Nkr12bn) Yme redevelopment project in the North Sea.

Discovered in 1987, the offshore oil field was brought on stream in 1996 and last produced 20 years ago.

It is targeted to restart production in the current year to unlock estimated recoverable reserves of around 63 million barrels of oil.

Repsol holds an operating stake of 55% in the Yme field. Its partners include LOTOS Exploration and Production Norge (20%), OKEA (15%), and Kuwait Foreign Petroleum Exploration Company (KUFPEC, 10%).