The company plans to drill the well from the Island Innovator facility at position 58°50’28.11” north and 02°17’21.97” east in the production licence 338.
Lundin is the operator of the well with an ownership interest of 50%, while other licensees are OMV with 20%, Statoil Petroleum and Wintershall Norge with 15% each.
The company noted that the drilling programme for well 16/1-18 relates to drilling of an appraisal well in production licence 338.
The production licence 338, which has been awarded in December, 2004, includes parts of block 16/1.
The 16/1-18 well is the ninth exploration well to be drilled within the licence area.
