Statoil awarded drilling permit for well 7319/12-1 in production licence PL713

8/27/2014

Statoil awarded drilling permit for well 7319/12-1 in production licence PL713

STAVANGER, Norway -- The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 7319/12-1, cf. Section 8 of the Resource Management Regulations. Well 7319/12-1 will be drilled from the Transocean Spitsbergen drilling facility at position 73°02'34.20" north and 19°46'39.30" east.

The drilling programme for well 7319/12-1 relates to drilling of a wildcat well in production licence 713. Statoil Petroleum AS is the operator with an ownership interest of 40%. The other licensees are RN Nordic Oil AS, North Energy ASA and Edison International Norway Branch, each with 20%. The area in this licence consists of blocks 7219/ 2, 3 and 7319/11, 12.

Production licence 713 was awarded on 21 June 2013 in the 22nd licensing round on the Norwegian shelf. This is the first well to be 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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