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Det norske granted right to spud Kvitvola exploration well in PL 553

STAVANGER, Norway -- The Norwegian Petroleum Directorate has granted Det norske oljeselskap ASA a drilling permit for wellbore 34/7-36 S, cf. Section 8 of the Resource Management Regulations.

Wellbore 34/7-36 S will be drilled from the Borgland Dolphin drilling facility at position 61° 21' 46.02' ' north and 2° 18' 20.84' ' east, after completing drilling of wildcat well 31/10-1 for Tullow Oil Norge AS in production licence 507.

The drilling programme for wellbore 34/7-36 S relates to drilling of a wildcat well in production licence 553, where Det norske Oljeselskap ASA is the operator with an ownership interest of 40%. The other licensees are Svenska Petroleum Exploration AS (35%) and Bayerngas Norge AS (25%). The area in this licence consists of parts of block 34/7 and parts of block 34/8. The well will be drilled about ten kms west of the Visund field and 130 kms west of Floro.

Production licence 553 was awarded on 19 February 2010 (APA 2009). This is the first well drilled in the licence.

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



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