Drilling of Pingvin Prospect in Barents Sea Completed

As a partner in production licence 713, North Energy is completing the drilling of the Pingvin prospect in exploration well 7319/12-1. The well has identified gas in a sandstone reservoir.

Extensive data have been acquired from the well through coring, wireline logging and liquid sampling.

Updated information from the well will be provided as soon as the analyses have been completed.

The partners in the licence are Statoil as operator with 40 per cent, RN Nordic Oil with 20 per cent, Edison with 20 per cent and North Energy with 20 per cent.

Press Release, September 19, 2014