The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 7219/12-1, cf. Section 8 of the Resource Management Regulations.

Well 7219/12-1 will be drilled from the Leiv Eiriksson drilling facility at position 72°12' 44.2" north and 19°46' 38.3" east.

The drilling programme for well 7219/12-1 relates to the drilling of a wildcat well in production licence 533. Lundin Norway AS is the operator with an ownership interest of 35 per cent. The other licensees are Det norske oljeselskap ASA with 35 per cent and DEA Norge AS with 30 per cent.

The area in this licence consists of blocks 7219/12 and 7220/10. The well will be drilled about 24 kilometres south of the discovery well 7220/10-1 in production licence 533.

Production licence 533 was awarded on 15 May 2009 in the 20th licensing round on the Norwegian shelf.

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