Drilling permit for wellbore 6608/10-16 in production licence 484

2/5/2014

Drilling permit for wellbore 6608/10-16 in production licence 484

STAVANGER -- The Norwegian Petroleum Directorate has granted Noreco Norway a drilling permit for wellbore 6608/10-16, cf. Section 8 of the Resource Management Regulations.

The 6608/10-16 wellbore will be drilled from the Bredford Dolphin drilling facility at position 66º08`38.09" N and 08º04´00.71" E.

The drilling programme for wellbore 6608/10-16 relates to drilling of a wildcat well in production licence 484. Noreco Norway AS is the operator with an ownership interest of 30% and the licensees are Dana Petroleum Norway with 30%, Explora Petroleum with 30% and E.ON E&P Norge with 10%.

The production licence consists of parts of block 6608/10. The production licence was awarded in APA 2007.

Wildcat well 6608/10-16 is the first exploration well in production licence 484.

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

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