Well 16/1-29 S will be drilled from the Deepsea Bergen drilling facility at position 58°58’ 22.23’’ north and 02°17’ 44.15” east.

The drilling program for well 16/1-29 S relates to the drilling of a wildcat well in Production License 167. Statoil Petroleum AS is the operator with an ownership interest of 80%, while Lundin Norway AS is a licensee with an ownership interest of 20%. PL 167 was awarded on March 1, 1991 (13th round).

The area in this production licence is located in the central part of the North Sea, and consists of the eastern part of block 16/1. The well will be drilled just northeast of Ivar Aasen field. This is the sixth exploration well to be drilled in the licence.

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