NPD Grants Drilling Permit to Noreco for PL 412 Wildcat Well

The Norwegian Petroleum Directorate (NPD) has granted Norwegian Energy Company (Noreco) ASA a drilling permit for wellbore 25/9-3, ref. Section 8 of the Resource Management Regulations.

Wellbore 25/9-3 will be drilled from the West Alpha semisub at position 59 degrees 26' 05.03" North and 02 degrees 40' 42.88" East after the facility finishes drilling wildcat well 6407/8-5 A for StatoilHydro Petroleum AS in production license 348.

The drilling program for wellbore 25/9-3 relates to the drilling of wildcat wells in production license 412. Noreco is the operator with a 40 percent ownership interest, while the other licensees are Lundin and VNG, each with a 30 percent stake. The area in this production license consists of parts of blocks 25/5, 25/6, 25/8 and 25/9. Well 25/9-3 will be drilled about 15 km east of the Jotun field in the central part of the North Sea.

Production license 412 was awarded on February 16, 2007 (APA2006). This is the first well to be drilled in the production license. The permit is conditional upon the operator securing all other permits and consents required by other authorities before the drilling activity commences.