Rocksource to Drill Wildcat in PL 506 S (Norway)

The Norwegian Petroleum Directorate (NPD) has granted Rocksource Norway AS a drilling permit for well 26/5-1, in the Norwegian sector of the North Sea.

The well be drilled from the Borgland Dolphin drilling rig at position 59°40’18,91” north and 3°38’35,70” east following completion of drilling for Statoil on the Oseberg field.

The drilling programme for well 26/5-1 covers drilling of a wildcat well in production licence 506 S. Rocksource Norway AS is the operator with an ownership interest of 25 per cent. The other licensees are Petrolia Norway AS with 30 per cent, Valiant Petroleum Norge AS with 25 per cent and Petoro AS with 20 per cent.

The area in this licence consists of blocks 26/5 and 26/8 in the central North Sea. Production licence 506 S was awarded on 23 January 2009 (APA 2008). This is the first well drilled within the licence area.

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March 11, 2013