NPD Grants Wintershall Norway AS Drilling Permit for Well 7224/2-1

The Norwegian Petroleum Directorate has granted Wintershall Norway AS a drilling permit for wellbore 7224/2-1, located in production license 611.

Well 7224/2-1 will be drilled using the Transocean Arctic (mid-water semisub) following the completion of the drilling of wildcat well 7130/4-1 by Lundin Norway AS in production license 708. Wintershall Norge AS is the operator of PL 611 with an ownership interest of 40 percent. Faroe Petroleum Norge AS holds a 40 percent interest in the license and Petoro AS holds the remaining 20 percent interest.

The permit is contingent upon the operator having secured all other permits and consents required by other authorities prior to commencing drilling activity. This is the first well to be drilled in PL 611.



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