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01/08/2017 The Norwegian Petroleum Directorate has granted OMV (Norge) AS a drilling permit for well 7324/8-3, cf. Section 8 of the Resource Management Regulations.

Well 7324/8-3 will be drilled from the Island Innovator drilling facility at position 73°26'4" north and 24°23'21.67" east.

The drilling programme for well 7324/8-3 relates to the drilling of an appraisal well in production licence 537.

OMV (Norge) AS is the operator with an ownership interest of 25 per cent. The other licensees are Statoil Petroleum (35 per cent), Idemitsu Petroleum Norge AS (20 per cent) and Petoro (20 per cent).

The area in this licence consists of parts of block 7324/7 and block 7324/8. The well will be drilled on the Wisting discovery, approx. 260 kilometres off the coast.

Production licence 537 was awarded on 15 May 2009 (20th licensing round on the Norwegian shelf). This is the sixth well to be drilled in the licence.

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

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Updated: 21/08/2017