Centrica Energi to Drill in PL 405 (Norway)

The Norwegian Petroleum Directorate (NPD) has granted Centrica Energi (Norge) AS a drilling permit for well 8/10-5 S.

Well 8/10 5 S will be drilled from the Maersk Giant rig at position 57°3’32.49’’north and 3°6’46.91”east.

The drilling program for well 8/10-5 S relates to drilling of a wildcat well in production licence 405. Centrica Energi (Norge) AS is the operator with an ownership interest of 40 per cent. The other licensees are Suncor Energy Norge AS with 30 per cent, Faroe Petroleum Norge AS with 15 per cent and Tullow Oil Norge AS with 15 per cent. Production licence 405 was awarded in APA 2006.

The area in this production licence is located in the southern part of the North Sea and consists of parts of blocks 7/9, 7/12, 8/7, 8/8, 8/10 and 8/11. Well 8/10-5 S is the fourth exploration well in this production licence.

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

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Press Release, October 16, 2013