NPD issues permit for well 6406/12-3 S in production license 586

12/3/2013

NPD issues permit for well 6406/12-3 S in production license 586

STAVANGER, Norway -- The Norwegian Petroleum Directorate (NPD) has issued VNG Norge AS a drilling permit for well 6406/12-3 S.

Wellbore 6406/12-3 S will be drilled from the Transocean Arctic drilling facility in position 64°01’52.37’’ north and 06°45’17.53’’ east after it completes drilling wildcat well 35/9-10 A for Wintershall Norge AS in production license 418.

The drilling program for well 6406/12-3 S concerns drilling of a wildcat well in production license 586. VNG Norge AS is the operator with an ownership interest of 30 per cent. The other licensees are Spike Exploration Holding AS (30 per cent), Faroe Petroleum Norge AS (25 per cent) and Rocksource Exploration Norway AS (15 per cent).

The area in this license consists of part of block 6406/11 and part of block 6406/12. The well will be drilled approximatley 8 km east of the 6406/11-1 S discovery and about 33 km southwest of the Njord field.

Production license 586 was awarded on 4 February 2011. This is the first well to be drilled in this license.

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