Tullow acquires North Sea permit

February 27, 2014

The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Tullow Oil Norge for well 31/2-21 S, cf. Section 8 of the Resource Management Regulations.

Well 31/2-21 S will be drilled from the Borgland Dolphin drilling facility in position 60° 58'16.97" north and 3° 28'1.74" east following completion of the drilling of wildcat well 6407/1-7 for Wintershall in production license (PL) 475.

The drilling program for well 31/2-21 S concerns drilling of a wildcat well in PL550. The area in this license consists of a 302 km2 sector of Block 31/1 and a 166 km2 sector of Block 31/2. The well will be drilled about 7.5km northwest of the Troll field.

PL550 was awarded on 19 Feb 2010 (APA 2009). This is the first well to be drilled in the license.

The permit is contingent on the operator securing all other permits and consents required by other authorities before the drilling activity starts.

Tullow Oil Norge is the operator of PL550 with an ownership interest of 90%. The other licensee is Det norske oljeselskap ASA (10%).



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