Statoil Spuds Tastaveden Well

Petrolia Norway AS, a fully owned subsidiary of Petrolia SE, announces that drilling of Well 25/9-4 Tastaveden in PL 628 has started.

The well, which is located approximately 35 km northeast of the Grane Field in the Norwegian part of the North Sea, will test a prospect adjacent to the Utsira High. Well 25/9-4 Tastaveden will be drilled with the semi-submersible rig Ocean Vanguard.

Statoil Petroleum AS is the operator of the PL 628 license with 50 % interest. Partners are Petoro AS (20 %), Repsol Exploration Norge AS (20%), and Petrolia Norway AS (10 %).

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Press Release, January 13, 2014