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31/7-2 A

03/07/2017 The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-2 A cf. Section 8 of the Resource Management Regulations.

Well 31/7-2 A will be drilled from the Deepsea Bergen drilling facility, at position 60°24'18.14" north and 3°2'23.75" east in production licence 740.

The drilling programme relates to the drilling of an appraisal well. Faroe Petroleum Norge AS is the operator with an ownership interest of 50 per cent and Point Resources AS is a licensee with 50 per cent.

The area in this licence constitutes a part of blocks 31/7 and 30/9. Production licence 740 was awarded in APA 2013, on 7 February 2014. This is the fourth well to be drilled within the licence.

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

Contact in the NPD
Per Henning Sæle, tel. +47 51 87 60 27

31/7-2 A

Updated: 03/07/2017