Norwegian Petroleum Directorate announces drilling permit for well 8/10-5 S – production licence 405

10/17/2013

Norwegian Petroleum Directorate announces drilling permit for well 8/10-5 S – production licence 405

STAVANGER -- The Norwegian Petroleum Directorate has granted Centrica Energi a drilling permit for well 8/10-5 S. Well 8/10-5 S will be drilled from the Mærsk Giant drilling facility at position 57°3’32.49’’north and 3°6’46.91”east.

The drilling program for well 8/10-5 S relates to drilling of a wildcat well in production licence 405. Centrica Energi is the operator with an  ownership interest of 40 %. The other licensees are Suncor Energy with 30 %, Faroe Petroleum with 15 % and Tullow Oil with 15 %.

Production licence 405 was awarded in APA 2006. The area in this production licence is located in the southern part of the North Sea and consists of parts of blocks 7/9, 7/12, 8/7, 8/8, 8/10 and 8/11. Well 8/10-5 S is the fourth exploration well in this production licence.

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

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