NPD issues Statoil drilling permit for PL169

4/11/2014

NPD issues Statoil drilling permit for PL169

STAVANGER, Norway -- The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 25/8-18 S.

Well 25/8-18 S will be drilled from the Ocean Vanguard drilling facility at position 59°15’1.12” north and 2°37’0.59” east of the Grane field in the central part of the North Sea.

The drilling program for well 25/8-18 S relates to the drilling of an appraisal well in production license 169. Statoil Petroleum AS is the operator with a 57% ownership interest. The other licensees are Petoro AS with 30% and Exxon Mobil E&P Norway AS with 13%.

The area in this license consists of parts of blocks 25/8 and 25/11. The well will be drilled 0.7 km southeast of wildcat well 25/8-4.

Production license 169 was awarded on March 1, 1991. This is the 14th exploration well drilled within PL169.

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