Sedco 702 (Transocean Offshore Deepwater Drilling Inc.) (Semisub)

Owo-1 sidetrack confirms major oil discovery

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13 September 2010

Tullow Oil plc (Tullow) announces that the Owo-1 exploration sidetrack in the Deepwater Tano licence offshore Ghana has significantly extended the column of high quality light oil discovered by the Owo-1 well. Results of drilling, wireline logs and samples of reservoir fluids confirm that Owo is a major new oil field. The Owo-1 well encountered 53 metres of net oil pay and the sidetrack, drilled 0.6 km east of the Owo discovery well, encountered an additional 16 metres of net oil pay in the lower part of the same channel system. Pressure data indicates that this oil pay is in communication with the reservoirs penetrated in the Owo-1 well and confirms at least 69 metres of total net oil pay in a substantial gross oil column of 200 metres. Beneath the Owo oil field, 13 metres of net condensate pay was also discovered, with an additional 6 metres of net gas pay logged in the deepest sand encountered. No water was encountered in any of the hydrocarbon bearing reservoirs in either well. Following completion of logging operations the well will be suspended for future use in appraisal and development. The Sedco-702 dynamically positioned semi-submersible drilled the Owo-1 sidetrack to a final depth of 3,998 metres in water depths of 1,428 metres. On completion of operations, the rig will remain in the Deepwater Tano block to drill the Onyina-1 exploration well which targets a large Campanian prospect between the Tweneboa and Jubilee fields. Tullow (49.95%) operates the Deepwater Tano licence and is partnered by Kosmos Energy Ghana (18%), Anadarko Petroleum (18%), Sabre Oil & Gas (4.05%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest).

Source: http://www.tullowoil.com/index.asp?pageid=137&category=&year=Latest&month=&tags=69&newsid=676


More News for Operator: Transocean Offshore Deepwater Drilling Inc.

13 Nov 2015

Drilling permit for well 7130/4-1 in production licence 708

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7130/4-1, cf. Section 8 of the Resource Management Regulations. Well 7130/4-1 will be drilled from the Transocean Arctic drilling facility in position 71°31’55.66? north and 30°10’07.90? east, after completing the drilling of wildcat well 6406/12-5 S in production licence 586 for VNG Norge AS. The drilling programme for well 7130/4-1 relates to the drilling of an exploration well in production licence 708 where Lundin Norway AS is the operator with an ownership interest of 40 per cent. The other licensees are Lukoil Overseas North Shelf AS (20 per cent), Edison Norge AS (20 per cent), Lime Petroleum Norway AS (10 per cent) and Pure E&P Norway AS (10 per cent). The area in this licence consists of block 7130/7 and the southern half of block 7130/4. The well will be drilled about 85 kilometres north of Berlevåg in Finnmark. Production licence 708 was awarded on 21 June 2013 (22nd licensing round). This is the first well to be drilled in the licence. The permit is contingent on the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

13 Nov 2015

Drilling permit for well 7130/4-1 in production licence 708

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7130/4-1, cf. Section 8 of the Resource Management Regulations. Well 7130/4-1 will be drilled from the Transocean Arctic drilling facility in position 71°31’55.66? north and 30°10’07.90? east, after completing the drilling of wildcat well 6406/12-5 S in production licence 586 for VNG Norge AS. The drilling programme for well 7130/4-1 relates to the drilling of an exploration well in production licence 708 where Lundin Norway AS is the operator with an ownership interest of 40 per cent. The other licensees are Lukoil Overseas North Shelf AS (20 per cent), Edison Norge AS (20 per cent), Lime Petroleum Norway AS (10 per cent) and Pure E&P Norway AS (10 per cent). The area in this licence consists of block 7130/7 and the southern half of block 7130/4. The well will be drilled about 85 kilometres north of Berlevåg in Finnmark. Production licence 708 was awarded on 21 June 2013 (22nd licensing round). This is the first well to be drilled in the licence. The permit is contingent on the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

20 Nov 2015

Minor gas/oil/condensate discovery near the Visund field in the North Sea – 34/8-16 S

Statoil Petroleum AS, operator of production licence 120, has completed drilling of exploration well 34/8-16 S. The well was drilled on the east flank of the Visund field in the northern part of the North Sea, and about 140 km northwest of Bergen. The primary exploration target for 34/8-16 S was to prove gas and/or gas condensate in the Middle Triassic (the Lomvi formation). The secondary exploration target was to investigate additional resources in Lower to Middle Jurassic reservoir rocks (the Statfjord and Brent Group) and Upper Triassic reservoir rocks (the Lunde formation). The well encountered an oil/gas/condensate column of about 85 metres in the Lunde formation, 40 metres of which were of moderate to good reservoir quality. The Brent group is not present. Preliminary calculations of the size of the discovery are between 0.4 and 1.1 million Sm³ of recoverable oil equivalents. The licensees will consider further development of the discovery in the context of other potential additional resources. The well was not formation tested, but comprehensive data collection and sampling were carried out. This is the 26th exploration well drilled in production licence 120. Well 34/8-16 S was drilled to a vertical and measured depth of 3875 and 3830 metres below sea level, respectively, and was terminated in the Hegre group in the Triassic. The water depth at the site is 380 metres. The well will now be permanently plugged and abandoned. The well was drilled by the Songa Trym drilling facility.

24 Nov 2015

Lundin Petroleum spuds exploration well on the Ørnen prospect in the Barents Sea South

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7130/4-1 on the Ørnen prospect. The well 7130/4-1 will explore the Ørnen prospect in PL708, located on the eastern parts of the Finnmark Platform in the southern Barents Sea. The reservoir is expected to consist of Upper Permian carbonates. The Ørnen prospect is estimated to contain gross unrisked prospective resources of 354 million barrels of oil equivalents (MMboe). The planned total depth is approximately 2,630 metres below mean sea level and the well will be drilled with the semi-submersible drilling unit Transocean Artic. The drilling operation is expected to take approximately 60 days. Lundin Norway is the operator of PL708 with a 40 percent working interest. The partners are Edison Norge with 20 percent, Lukoil Overseas North Shelf with 20 percent, Lime Petroleum Norway with 10 percent and North Energy with 10 percent.

30 Nov 2015

Rig contract to Transocean

Det norske oljeselskap ASA has on behalf of the partnerships in PL 203 (Alvheim) and PL 150 (Volund) awarded an agreement to Transocean Offshore (North Sea) Ltd NUF for the lease of the semi-submersible drilling rig Transocean Arctic. The contract scope for drilling of four wells in the Alvheim area (estimated to 250 days (has a market value of approximately USD 44.75 million exclusive options. The contract has its commencement window during December 2016 and involves the drilling of one exploration well (West Volund in license 150B) and three production wells (two wells in license 150 and one in license 203 / 088BS respectively). The award is for a traditional well contract based on a daily rate and with several flexible options built into the agreement. The Transocean Arctic is a harsh environment midwater semi-submersible drilling rig also certified for drilling wells in the Barents Sea and under HPHT (high pressure and high temperature) conditions.

2 Dec 2015

Songa Offshore has received the PSA's Acknowledgement of Compliance (AoC) for Songa Equinox

t is the PSA's assessment that petroleum activities may be carried out using the Songa Equinox facility within the regulatory framework. The validity of the Acknowledgement of Compliance assumes that Songa Offshore ensures that the facility and relevant parts of the company’s organisation and management systems are maintained, to fulfil the terms and conditions set out in the PSA’s decision.

7 Dec 2015

Transocean Ltd. Announces Two Year Contract For The Henry Goodrich

Transocean Ltd. announced today that the harsh-environment semisubmersible Henry Goodrich was awarded a two year contract with Husky Oil Operations Limited offshore Canada at a dayrate of $275,000. The estimated contract backlog excluding mobilization is $200 million. The rig is expected to commence operations in the second quarter of 2016. As of December 6, 2015, the company's contract backlog is approximately $16.8 billion.

7 Dec 2015

Songa Equinox commencement of drilling contract

Songa Equinox has today commenced drilling operations under its eight-year drilling contract with Statoil at the Troll Field on the Norwegian continental shelf, and the rig is now on operating rate. Songa Equinox is the first rig in a series of four Category D semi-submersible drilling rigs, specifically built for and contracted to Statoil. "The start of drilling operations for Songa Equinox is another milestone in the Cat D project. Our organization is looking forward to working collaboratively with Statoil over the next eight years", says Songa Offshore's CEO, Bjørnar Iversen.

7 Dec 2015

Consent to use Songa Equinox on the Troll field

The PSA has given Statoil consent to use the Songa Equinox mobile drilling facility for drilling and completion of wells on the Troll field in production licences 054 and 085. Songa Equinox is a semi-submersible drilling facility and the first of four Cat D rigs that Songa is building for Statoil. Songa Equinox received an Acknowledgement of Compliance (AoC) from the PSA in November 2015. The Troll field is located around 65 kilometres west of Kollsnes in Hordaland County and is the largest gas discovery made in the North Sea. The Petroleum Safety Authority Norway has now granted consent to use Songa Equinox on the Troll field in accordance with Statoil's application.

14 Dec 2015

Rig Contract Signed – Funding Secured for Skipper Drilling in the New Year

Independent Oil and Gas plc ("IOG" or the “Company”), the North Sea focused oil and gas company, is pleased to announce it has signed a Rig Contract with Transocean Drilling U.K. Limited (“Transocean”) to procure the Transocean John Shaw semi-submersible rig to drill the Company’s fully funded appraisal well on the Skipper oil discovery in Block 9/21a in the Northern North Sea in licence P1609. IOG anticipates that the rig will commence drilling operations at Skipper in late January or early February 2016 with the objective of retrieving good quality reservoir condition oil samples in order to design the optimum field development plan for the Skipper field. The rig will drill a vertical well to 5,600ft which is expected to take approximately 25 days. Skipper is an offshore heavy oil field located in the Northern North Sea with independently verified gross 2C resources of 26.2 MMBbls. IOG management estimates that Skipper has 34.1 MMBbls of recoverable oil based on a recovery factor of 25%, compared to the historic CPR estimate of 19%. The well will also target two exploration prospects directly beneath the Skipper oil discovery in the Lower Dornoch and Maureen formations, in which the CPR authors have mapped structures which could contain an additional 46 MMBbls of oil in place. (Source: AGR Tracs CPR dated September 2013.) If oil is present in these structures, it would be co-developed with Skipper in line with the Company’s hub strategy. IOG intends to drill the Skipper well as 100% owner, which requires completion of the Sale and Purchase agreement to acquire 50% of the licence from Alpha Petroleum Ltd (“Alpha”). As previously announced, the deadline for the completion of this agreement has been extended to 21 December 2015. The Company also requires the Oil and Gas Authority ("OGA") to approve IOG North Sea Limited as licence operator and AGR Well Management Limited ("AGR") as well operator.

14 Dec 2015

Rig Contract Signed – Funding Secured for Skipper Drilling in the New Year

Independent Oil and Gas plc ("IOG" or the “Company”), the North Sea focused oil and gas company, is pleased to announce it has signed a Rig Contract with Transocean Drilling U.K. Limited (“Transocean”) to procure the Transocean John Shaw semi-submersible rig to drill the Company’s fully funded appraisal well on the Skipper oil discovery in Block 9/21a in the Northern North Sea in licence P1609. IOG anticipates that the rig will commence drilling operations at Skipper in late January or early February 2016 with the objective of retrieving good quality reservoir condition oil samples in order to design the optimum field development plan for the Skipper field. The rig will drill a vertical well to 5,600ft which is expected to take approximately 25 days. Skipper is an offshore heavy oil field located in the Northern North Sea with independently verified gross 2C resources of 26.2 MMBbls. IOG management estimates that Skipper has 34.1 MMBbls of recoverable oil based on a recovery factor of 25%, compared to the historic CPR estimate of 19%. The well will also target two exploration prospects directly beneath the Skipper oil discovery in the Lower Dornoch and Maureen formations, in which the CPR authors have mapped structures which could contain an additional 46 MMBbls of oil in place. (Source: AGR Tracs CPR dated September 2013.) If oil is present in these structures, it would be co-developed with Skipper in line with the Company’s hub strategy. IOG intends to drill the Skipper well as 100% owner, which requires completion of the Sale and Purchase agreement to acquire 50% of the licence from Alpha Petroleum Ltd (“Alpha”). As previously announced, the deadline for the completion of this agreement has been extended to 21 December 2015. The Company also requires the Oil and Gas Authority ("OGA") to approve IOG North Sea Limited as licence operator and AGR Well Management Limited ("AGR") as well operator.

16 Dec 2015

Delivery of Songa Encourage

Songa Offshore has today taken delivery of Songa Encourage - the third Category D rig - from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. "We are pleased to take delivery of Songa Encourage today the 16 December 2015. This is the third Category D rig we take delivery of in a series of four rigs, all going on eight year contracts with Statoil in Norway. We are now looking forward to see the rig commence drilling operations in Norway", says CEO Bjørnar Iversen.

17 Dec 2015

Rig secured for drilling the Brasse prospect in Norway

Faroe, has entered into a contract with Transocean Offshore (North Sea) Ltd on behalf of the PL 740 joint venture for the lease of the semi-submersible Transocean Arctic drilling rig. Faroe has budgeted its net share of the well costs after tax to be less than £2m, and the well is expected to be drilled in the summer of 2016. Brasse will test a structure immediately to the south of the producing Brage field and if successful could be tied-back to Brage (Faroe 14.3%) or alternatively to other nearby installations. The co-venturer in the PL740 licence is Core Energy AS (50%).

17 Dec 2015

Rig contract cancellation

Statoil has decided to cancel the contract with Transocean for the drillship Discoverer Americas. The drillship has been on contract with Statoil since 2009, supporting Statoil’s exploration activities in East and North Africa and the Gulf of Mexico. Statoil was in the current environment unable to secure additional activity for the rig for the remainder of the contract period, ending in May 2016. “Discoverer Americas has been a very good performer for Statoil, contributing to test deep-water and ultra-deep water prospectivity in Tanzania, Egypt, and the Gulf of Mexico and appraising the multiple high-impact discoveries in Tanzania. All operations were performed with solid drilling efficiency and a good safety culture. Without additional activity lined up, we unfortunately have to let the rig go prior to contract end,” says Tore Aarreberg, head of rig procurement.

21 Dec 2015

Drilling permit for well 7224/2-1 in production licence 611

he Norwegian Petroleum Directorate (NPD) has granted Wintershall Norway AS a drilling permit for wellbore 7224/2-1, cf. Section 8 of the Resource Management Regulations. Well 7224/2-1 will be drilled from the Transocean Arctic drilling facility at position 72°46’25.92" north and 24°23’56.33" east following completion of drilling of wildcat well 7130/4-1 for Lundin Norway AS in production licence 708. The drilling program for well 7224/2-1 concerns the drilling of a wildcat well in production licence 611. Wintershall Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are Faroe Petroleum Norge AS (40 per cent) and Petoro AS (20 per cent). The area in this licence is comprised of the blocks 7223/3, 7223/6, 7224/1, 7224/2, 7224/3, 7224/4 and 7224/5. The well is being drilled about 25 kilometres northwest of the discovery 7224/6-1 (Arenaria) and about 240 kilometres north of Hammerfest. Production licence 611 was awarded on 13 May 2011 (21st licensing round). This is the first well to be drilled in the licence. The permit is contingent upon the operator having secured all other permits and consents required by other authorities prior to commencing the drilling activity.

22 Dec 2015

Drilling permit for well 7324/7-3 S in production licence 537

The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to OMV Norge AS for well 7324/7-3 S, cf. Section 8 of the Resource Management Regulations. Well 7324/7-3 S will be drilled from the Transocean Spitsbergen drilling facility in position 73o26`30.78" north and 24o15´39.88" east. The drilling programme for well 7324/7-3 S relates to the drilling of an appraisal well in production licence 537. OMV Norge AS is the operator with a 25 per cent ownership interest. The other licensees are Idemitsu Petroleum Norge AS with 20 per cent, Petoro AS with 20 per cent, Tullow Oil Norge AS with 20 per cent and Statoil Petroleum AS with 15 per cent. The production licence comprises blocks 7324/7 and 7324/8, and was awarded in the 20th licensing round in 2009. Wildcat well 7324/7-3 S will be the fifth exploration well in production licence 537. The permit is conditional upon the operator securing all other consents and permits required by other authorities prior to commencing the drilling activity.

31 Dec 2015

Minor gas discovery on the Finnmark platform in the Barents Sea – 7130/4-1

Lundin Norge AS, operator of production licence 708, is in the process of concluding the drilling of wildcat well 7130/4-1. The well is being drilled about 85 kilometres north-east of Berlevåg. The primary exploration target for the well was to prove petroleum in carbonate and spiculite reservoir rocks (the Røye formation) in the Upper Permian. The secondary exploration target was to prove petroleum in underlying carbonates and sandstones (the Ørn formation and the Soldogg formation) in the Permian and Carboniferous Ages. In the primary exploration target, well 7130/4-1 encountered an approx. 40 metre thick aquiferous spiculite reservoir in the Røye formation, with poor reservoir quality. In the secondary exploration target, the well proved traces of petroleum in the Ørn formation. The formation is about 180 metres thick, but is mainly tight. In the Soldogg formation, the well encountered a 5 metre thick gas column in a sandstone reservoir with moderate reservoir quality. In total, the well encountered about 85 metres of reservoir in the Soldogg formation. The gas/water contact was encountered. The assessment of the size of the discovery is unclear at this time, but indications are that it is too small to be commercial. The well was not formation-tested, but extensive data acquisition and sampling have been carried out, with cores from the primary exploration target, and lateral cores in the secondary exploration target (the Soldogg formation). This is the first exploration well in production licence 708. The licence was awarded in the 22nd licensing round in 2013. Well 7130/4-1 was drilled to a vertical depth of 3184 metres below the sea surface and was terminated in the Soldogg formation in the Lower Carboniferous. Water depth at the site is 288 metres. The well will now be permanently plugged and abandoned. Well 7130/4-1 was drilled by the Transocean Arctic, which will now drill wildcat well 7224/2-1 in production licence 611 in the Barents Sea, where Wintershall Norge AS is the operator.

28 Dec 2015

Transocean Ltd. Announces Customer Early Termination of Polar Pioneer Contract

Transocean Ltd. announced today that Shell has elected to terminate the contract for the harsh environment semisubmersible Polar Pioneer prior to its expiration in July 2017. Transocean will be compensated for the early termination through a lump-sum payment that includes adjustments for reduced operating costs and demobilization to Norway.

31 Dec 2015

Songa Endurance commencement of drilling contract

Songa Endurance has today commenced drilling operations under its eight-year drilling contract with Statoil at the Troll Field on the Norwegian continental shelf, and the rig is now on operating rate. Songa Endurance is the second rig in a series of four Category D semi-submersible drilling rigs, specifically built for and contracted to Statoil.

4 Jan 2016

Woodside Discovers Gas Offshore Myanmar

Woodside advises that the Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located in the western offshore area of Myanmar, has intersected a gross gas column of approximately 129 m. Approximately 15 m of net gas pay is interpreted within the primary target interval. The well reached the planned original total depth (TD) of 4810 m, referenced from the rig rotary table. Following drilling, wireline logging was conducted and confirmed the presence of a gas column through pressure measurements and gas sampling. The well was subsequently deepened to a final TD of 5306 m. The well was spudded on 27 November, reached its original target on 23 December and wireline logging concluded on 29 December. Shwe Yee Htun-1, in Block A-6, targeted one of many identified channel complexes that run over a large anticlinal feature, the Saung Anticline. Woodside CEO Peter Coleman said he was pleased by the successful evaluation of the prospect, which provided evidence of a working petroleum system in the Rakhine Basin deep water. “Further analysis will be undertaken to understand the full potential of the play, but this de-risks a number of leads which will now be matured,” Mr Coleman said. “This discovery is an encouraging outcome for future exploration and appraisal activity in the area.” With a 40% interest in A-6, Woodside Energy (Myanmar) Pte Ltd (Woodside Myanmar) is the joint operator with MPRL E&P Pte Ltd (MPRL E&P) (20% interest). MPRL E&P is operator with respect to government liaison and Woodside Myanmar is the operator with respect to all other operations, including drilling. Total E&P Myanmar holds a 40%, non-operated interest. Woodside has interests in six blocks in the Rakhine Basin (details overleaf). The six permits make up 46,000 km2 and represent 20% of Woodside’s global exploration acreage.

5 Jan 2016

Statoil receives consent for exploration drilling in the North Sea

Statoil is the operator for production licences 272 and 035 and has received consent to drill exploration well 30/11-11 using Songa Delta. Statoil has allocated 36 days for the activity, which will start in mid-January 2016. The well is located around 28 kilometres south of the Oseberg field, and around 130 kilometres from the nearest land at Sund municipality in Hordaland county. Water depth at the site is around 106 metres. Songa Delta is operated by Songa Offshore. The facility was issued with an Acknowledgement of Compliance (AoC) by the PSA in November 2012. The PSA has now granted Statoil consent for exploration drilling.

8 Jan 2016

Consent for drilling operations using Transocean Winner

Det norske oljeselskap ASA has received consent to use the Transocean Winner mobile drilling facility for production drilling and completion on the Volund field. ransocean Winner is a semi-submersible facility of the GVA 4000 type, built at Gøtaverken Arendal in Gothenburg in 1983 and significantly upgraded in 2006. The facility is owned and operated by Transocean Ltd, registered in the Marshall Islands and classified by DNV GL. Transocean Winner was issued with an Acknowledgement of Compliance (AoC) by the PSA in August 2006. Volund is an oil field in the central North Sea around 10 kilometres south of the Alvheim field. Water depth in the area is 120-130 metres. The field has been developed using a subsea facility tied back to the Alvheim FPSO production vessel, with three horizontal wells. The Petroleum Safety Authority Norway has now granted Det norske oljeselskap ASA consent for drilling operations in compliance with the company's application.

8 Jan 2016

Acknowledgement of Compliance for Songa Endurance

Songa Offshore has received the PSA's Acknowledgement of Compliance (AoC) for Songa Endurance. Songa Endurance is a semi-submersible drilling facility and the first of four Cat D rigs that Songa is building for Statoil. In total, 59 mobile facilities have now received an Acknowledgement of Compliance from the PSA.

12 Jan 2016

Rescheduling of Skipper Well

Following recent oil price movements and bad weather in the North Sea, IOG believes that it is in the best interests of shareholders that the Skipper appraisal well is delayed until there is greater stability and clarity in the oil market. The existing timetable for drilling Skipper in Q1 2016 requires the announced loans and contractor deferral funding to be repaid by IOG at the end of 2016. IOG now considers this refinancing risk to be increased due to the very weak commodity prices and negative market sentiment towards oil and gas. Moreover, the very bad weather in the North Sea has increased concerns that significant delays could be encountered or a sub-optimal well result may be achieved. Therefore, the Board believes that drilling in a more favourable weather window with at least some improvement in market sentiment would be prudent. The Company now anticipates the Skipper appraisal well to be drilled later this year. To achieve this revised timetable, IOG will need agreement from its principal lenders and contractors and agreement from the OGA to extend the Skipper licence beyond 30 March 2016. These critical discussions are ongoing.

28 Jan 2016

Extension of Skipper Licence

Independent Oil and Gas plc ("IOG" or the "Company") (AIM: IOG.L), the North Sea focused oil and gas company, is pleased to announce that following discussions with the UK Oil & Gas Authority (“the OGA”), the Skipper Licence P1609 Block 9/21a has been formally extended until 31 December 2016. As previously indicated, IOG intends to drill the appraisal well as soon as economic conditions allow.

8 Feb 2016

Transocean Ltd. Announces Customer Early Terminates The Discoverer Deep Seas

Transocean Ltd. announced today that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas. The rig's contract was scheduled to end in November 2016. Transocean will be compensated for the early termination through a lump-sum payment that includes adjustments for operating costs.

23 Feb 2016

Transocean Ltd. Receives Early Termination Notice on GSF Development Driller I

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that the company has received a notice of early termination from Esso Exploration Angola (Block 15) Limited for the ultra-deepwater semisubmersible GSF Development Driller I. The rig's drilling contract is expected to end in May 2016 with the demobilization completed in June 2016. In accordance with the terms of this contract, the company will not receive a payment compensating it for the remaining contract term. The company does not have other contracts in its backlog that permit uncompensated cancellation for convenience.

25 Feb 2016

Minor gas discovery near the Oseberg field in the North Sea – 30/9-28 S

Statoil Petroleum AS, operator of production licence 104, has completed drilling of wildcat well 30/9-28 S. The well was drilled about 5.5 kilometres west of the Oseberg South field in the central part of the North Sea and 140 kilometres west of Bergen. The primary exploration target was to prove petroleum in Lower and Middle Jurassic reservoir rocks (the Tarbert formation and upper part of the Statfjord group). The secondary exploration target was to prove petroleum in Lower Jurassic reservoir rocks (lower part of the Statfjord group). The well encountered an approx. 20-metre gas column, of which 10 metres were in sandstone with good reservoir quality in the Tarbert formation. The gas/water contact in the Tarbert formation has been estimated at 2870 metres based on pressure data. In the Statfjord group, the well encountered a 12-metre gas column in sandstone with moderate reservoir quality. The gas/water contact was proven at 3506 metres. The secondary exploration target in the lower part of the Statfjord group is aquiferous. Preliminary estimation of the size of the discovery is between one and two million standard cubic metres (Sm3) of recoverable oil equivalents. The discovery will be considered for development as part of the “Oseberg Future Phase 2” project. The well was not formation-tested, but data acquisition and sampling were carried out. This is the 24th exploration well drilled in production licence 104. The well was drilled to a measured and vertical depth of 4083 and 3928 metres below the sea surface, respectively, and was terminated in the Statfjord group in the Lower Jurassic. Water depth is 99 metres. The well is now being permanently plugged and abandoned. Well 30/9-28 S was drilled by the Songa Delta drilling facility, which will now proceed to drill a shallow gas pilot, 30/6-U-27 in production licence 053, where Statoil Petroleum AS is the operator.

2 Mar 2016

Dry well northwest of the 7224/6-1 (Arenaria) gas discovery in the Barents Sea – 7224/2-1

Wintershall Norge AS, operator of production licence 611, is in the process of completing the drilling of wildcat well 7224/2-1. The well is dry. The well was drilled about 25 kilometres northwest of the 7224/6-1 (Arenaria) discovery and about 240 kilometres north of Hammerfest. The well's primary exploration target was to prove petroleum in Lower Triassic reservoir rocks (the Klappmyss formation). The secondary exploration target for the well was to prove petroleum in Upper Triassic reservoir rocks (the Snadd formation). Well 7224/2-1 did not encounter sandstones with reservoir quality in the Klappmyss formation, which nevertheless contains traces of petroleum. The well encountered two sandstone layers in the Snadd formation with thicknesses of about 45 and 15 metres and with very good reservoir quality. Both layers are aquiferous. The well encountered traces of petroleum in two thin sandstone layers in the Kobbe formation and in two thin sandstone layers with poor reservoir quality in the Havert formation. The well is classified as dry. Data acquisition has been carried out. This is the first exploration well in production licence 611. The licence was awarded on 13 May 2011 (21st licensing round). Well 7224/2-1 was drilled to a vertical depth of 2916 metres below sea the sea surface and was terminated in the Havert formation of Early Triassic age. The water depth at the site is 415 metres. The well will now be permanently plugged and abandoned. Well 7224/2-1 was drilled by the Transocean Arctic drilling facility.

11 Mar 2016

Drilling permit for well 30/11-11 B in production licence 035

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 30/11-11 B, cf. Section 8 of the Resource Management Regulations. Well 30/11-11 B will be drilled from the Songa Delta drilling facility at position 60°4’29.77’’ north, 02°38’8.97’’ east in production licence 035. The drilling programme for the 30/11-11 B well relates to the drilling of a wildcat well. Statoil is the operator with an ownership interest of 50 per cent. Det norske oljeselskap ASA is a licensee, with an ownership interest of 50 per cent. The area in this licence consists of a part of block 30/11. Production licence 035 was awarded in licensing round 2-A on 14 November 1969. This is the eleventh exploration well to be drilled in the licence area. The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing drilling activities.

11 Mar 2016

Drilling permit for well 30/11-11 S in production licence 035

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 30/11-11 S, cf. Section 8 of the Resource Management Regulations. Well 30/11-11 S will be drilled from the Songa Delta drilling facility at position 60°4’29.77’’ north 02°38’8.97’’east in production licence 035. The drilling programme for the 30/11-11 S well relates to the drilling of a wildcat well. Statoil is the operator with an ownership interest of 50 per cent. Det norske oljeselskap ASA is a licensee with an ownership interest of 50 per cent. The area in this licence consists of a part of block 30/11. Production licence 035 was awarded in licensing round 2-A on 14 November 1969. This is the tenth exploration well to be drilled in the licence area. The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing the drilling activities.

7 Apr 2016

Statoil has received consent to drill the two exploration wells 30/11-12 S and 30/11-12 A in the North Sea

Statoil is the operator for production licences 272 and 035. Drilling is estimated to last for 45 days, depending on whether a find is made. Drilling will be performed by Songa Delta, which is operated by Songa Offshore. The facility was issued with an Acknowledgement of Compliance (AoC) by the PSA in November 2012. The PSA has now given Statoil consent for exploration drilling in accordance with the company's application.

6 Apr 2016

OMV operated successful horizontal appraisal well for Wisting in Norway

OMV has successfully completed drilling and testing of the Wisting Central II appraisal well. The horizontal well was drilled in the Wisting field in the Barents Sea, about 310 km north of Hammerfest. The Wisting field is the northernmost oil discovery in Norway. Wisting Central II is the fifth well in the production license PL537, which was awarded in the 20th licensing round in 2009. The well objectives were to confirm the potential of the discovery by proving the presence of hydrocarbons in the undrilled Wisting Central South and Central West segments, and to prove the technical concept of long-reach horizontal wells in a shallow reservoir, about 250 meters below seabed. The possibility to drill such wells is needed to establish the basis for a viable development of the Wisting discovery. A well test was performed and flow rates reached just above 5,000 boe/d. The well results are expected to provide an increase of in-place volumes in the Central South and Central West segments, and further reduce the overall uncertainty of contingent resources in PL537. The Wisting Central II well is the first horizontal appraisal well in the Barents Sea and sets a new drilling record; it is the shallowest horizontal offshore well drilled from a floating drilling facility. Water depth at Wisting is 402 meters. The well started vertically and was successfully steered into a horizontal orientation within a 250 meters depth interval. The total well length is 2,354 meters and the horizontal section measures 1,402 meters. Advanced data collection and geo-steering was conducted through the entire horizontal phase. The well was spudded on January 15, 2016, by the semisubmersible rig Transocean Spitsbergen. The well test was finalized end of March and the well will now be permanently plugged and abandoned. "OMV is very satisfied with the well test results, which are promising. This well is an important milestone towards a future field development on Wisting" said Johann Pleininger, OMV Executive Board member responsible for Upstream. OMV (Norge) AS as operator has 25% share in the PL537 license. Joint venture partners are Petoro (20%), Idemitsu (20%), Tullow (20%) and Statoil (15%).

5 Apr 2016

Operations Update: UK Central North Sea Licence P2013

Zennor Pathway Limited is pleased to announce that the Transocean Sedco 704 drilling rig spudded well 21/5c-7 on 5th April. This is an appraisal well on the Finlaggan Discovery. Zennor Pathway Limited (Operator) holds a 100% interest in the Licence.

31 Mar 2016

Delivery of Songa Enabler

Songa Offshore has today taken delivery of Songa Enabler from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea. Songa Enabler will shortly depart South Korea en route to Norway for commencement of an eight-year drilling contract with Statoil, with the first assignment on the Snøhvit field. The transit will take place with tow-assist and the rig will arrive in Norway with all third party equipment installed and ready for the client's final acceptance testing. Commencement of drilling operations is expected to take place in third quarter 2016. Songa Enabler is a sixth generation, high specification, harsh environment, fully winterized, midwater rig designed for efficient year around drilling, completion, testing and intervention operations in water depths up to 500 meters. The rig is certified DP3 and is equipped with a "state-of-the-art" drill-floor and an efficient layout with improved safety and working environment features. Songa Enabler is the last rig in a series of four Category D rigs specifically built for and contracted to Statoil.

6 Apr 2016

Delineation of the 7324/8-1 (Wisting) oil discovery in the Barents Sea – 7324/7-3

OMV Norge AS, operator of production licence 537, is in the process of completing the drilling of appraisal well 7324/7-3 S on the 7324/8-1 (Wisting) oil discovery. The well was drilled about 310 km north of Hammerfest. The discovery was proven in reservoir rocks from the Middle and Early Jurassic (upper Realgrunnen subgroup) in 2013. Before well 7324/7-3 S was drilled, the operator's resource estimate for the Wisting area was between 32 and 80 million standard cubic metres (Sm3) of recoverable oil equivalents. The objective of the well was to confirm the size of the 7324/8-1 discovery in the "Wisting Central Sør" and "Wisting Central Vest" segments. An additional objective was to test whether the well can be drilled horizontally in the shallow reservoir approximately 250 m below the seafloor, as well as to formation-test the Stø formation. The well was drilled with a horizontal section of about 1400 metres. It encountered sandstones in the Stø and Fruholmen formations. The "Wisting Central Sør" segment has good reservoir properties in the Stø formation and moderate reservoir properties in the Fruholmen formation. Reservoir quality in the Stø formation in the "Wisting Central Vest" segment is also good. The oil/water contact was not encountered. The estimate of the discovery size will be updated based on evaluation of the new well data. The result will be important for further maturation of the Wisting area, as regards a potential development. Extensive data acquisition and sampling have been carried out. A successful formation test was conducted in the Stø formation in the "Wisting Central Vest" segment. Maximum production rates were 762 Sm3 of oil and 48 310 Sm3 of associated gas per flow day through a 104/64-inch nozzle opening. The gas/oil ratio is 73 Sm3/Sm3. The formation test revealed production and flow properties that were mainly good. This is the fifth exploration well in production licence 537. The licence was awarded in the 20th licensing round in 2009. Appraisal well 7324/7-3 S was drilled to vertical and measured depths of 673 and 2314 metres, respectively, below the sea surface, and was terminated in the Stø formation from the Middle Jurassic Age. Water depth in the area is 402 metres. The well will now be permanently plugged and abandoned.

11 Apr 2016

Commencement of drilling contract for Songa Encourage

Songa Encourage commenced drilling operations on 11 April 2016 under its eight-year drilling contract with Statoil on the Norwegian continental shelf. The rig is now on operational day rate and working on the Skuld field. Songa Encourage is the third rig in a series of four Category D rigs, specifically built for, and contracted to Statoil.

13 Apr 2016

Minor oil discovery and dry well southwest of the Oseberg South field in the North Sea - 30/11-11 S and 30/11-11 A

Statoil Petroleum AS, operator of production licence 035/272, is in the process of completing the drilling of wildcat wells 30/11-11 S and 30/11-11 A. The wells were drilled about two kilometres southeast of the 30/11-9 A discovery (Askja East) and 35 kilometres southwest of the Oseberg South facility in the North Sea. The primary exploration target for wells 30/11-11 S and 30/11-11 A was to prove petroleum in Upper to Middle Jurassic reservoir rocks (Tarbert formation) in two nearby fault blocks. The secondary exploration target was to prove petroleum in Middle Jurassic reservoir rocks (Ness formation). 30/11-11 S encountered a 25-metre oil column in the upper part of the Tarbert formation, of which 22 metres had moderate to good reservoir properties. 30/11-11 A encountered a corresponding reservoir in the Tarbert formation, but it is aquiferous with traces of hydrocarbons. The well is classified as dry. Both wells proved sandstones with moderate to good porosity in the Ness formation, but these were aquiferous. Preliminary estimation of the size of the discovery in well 30/11-11 S is between 0.2 and 0.5 million standard cubic metres (Sm3) of recoverable oil. Data acquisition and sampling have been carried out in both wells. The 30/11-11 S and 30/11-11 A wells were drilled to respective vertical depths of 3646 and 3334 metres below the sea surface and measured depths of 3646 and 3987 metres below the sea surface. 30/11-11 S was terminated in the Ness formation and 30/11-11 A was terminated in the Tarbert formation. The wells are the 12th and 13th exploration wells in production licence 035. The licence was awarded in the second licensing round in 1969. Water depth is 106 metres. The wells will be permanently plugged and abandoned. Wells 30/11-11 S and 30/11-11 A were drilled by the Songa Delta drilling facility. The results from the wells will not affect future drilling of the exploration campaign in the area. The campaign will continue with the same drilling facility in the same production licence, with wildcat well 30/11-12 S and potentially 30/11-12 A if the structure warrants an appraisal well.

13 Apr 2016

Drilling permit for wells 30/11-12 S and 30/11-12 A in production licence 035

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wells 30/11-12 S and 30/11-12 A, cf. Section 8 of the Resource Management Regulations. Well 30/11-12 S will be drilled from the Songa Delta drilling facility at position 60°05’00.12’’ north 02°35’36,32’’ east in production licence 035. The drilling programme for well 30/11-12 S relates to drilling of a wildcat well. Well 30/11-12 A is an appraisal well that will be drilled in the event of a discovery. Statoil is the operator with an ownership interest of 50 per cent. Det norske oljeselskap ASA is a licensee with an ownership interest of 50 per cent. The area in this licence consists of part of block 30/11. Production licence 035 was awarded in licensing round 2-A on 14 November 1969. This is the eleventh exploration well to be drilled in the licence area. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

19 Apr 2016

Drilling permit for well 30/11-13 in production licence 035/272

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 30/11-13, cf. Section 8 of the Resource Management Regulations. Well 30/11-13 will be drilled from the Songa Delta drilling facility at position 60°09’55.78’’ north 02°35’35.13’’ east in production licence 035. The drilling programme for well 30/11-13 relates to the drilling of a wildcat well. Statoil Petroleum AS is the operator with an ownership interest of 50 per cent and Det norske oljeselskap AS is a licensee with an ownership interest of 50 per cent. The area in this licence consists of part of block 30/11. Production licence 035 was awarded in the 2nd licensing round on 14 November 1969. This is the thirteenth exploration well to be drilled within the licence area. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

19 Apr 2016

Transocean Ltd. Announces Ultra-Deepwater Drillship Delay

Transocean Ltd. (NYSE: RIG) announced today an agreement with Sembcorp Marine's subsidiary, Jurong Shipyard Ptd Ltd, to defer the delivery and related final payments of two dynamically positioned ultra-deepwater drillships. The proprietary Jurong Espadon 3T designed rigs are now scheduled to be delivered during the first and third quarter of 2020.

19 Apr 2016

Transocean Ltd. Announces Ultra-Deepwater Drillship Delay

Transocean Ltd. (NYSE: RIG) announced today an agreement with Sembcorp Marine's subsidiary, Jurong Shipyard Ptd Ltd, to defer the delivery and related final payments of two dynamically positioned ultra-deepwater drillships. The proprietary Jurong Espadon 3T designed rigs are now scheduled to be delivered during the first and third quarter of 2020.

11 May 2016

Consent for exploration drilling for Faroe Petroleum

Faroe Petroleum has received consent to drill an exploration well in block 37/1. Faroe Petroleum Norge AS (Faroe Petroleum) is the operator for production licence 740 in the North Sea. The exploration well will be the first to be drilled in this production licence. It will be drilled in a prospect named Brasse, with the designation 31/7-1. The location is 16 km south-east of Oseberg A and approx. 93 km west of Sotra in Hordaland. Water depth at the site is 188 metres. The drilling will start in the second half of May at the earliest, with an estimated duration of up to 57 days. The drilling will be performed using Transocean Arctic, which is a semi-submersible mobile drilling facility operated by Transocean Offshore (North Sea) Ltd NUF. It was built by Mitsubishi Heavy Industries in Japan in 1987, and substantially upgraded in 2004. Transocean Arctic was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2004. The PSA has granted Faroe Petroleum consent for the exploration drilling.

19 May 2016

Drilling permit for well 31/7-1 in production licence 740

The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-1, cf. Section 8 of the Resource Management Regulations. Well 31/07-01 will be drilled from the Transocean Arctic drilling facility at position 60°25'31.56"N and 3°1'28.26"E in production licence 740. The drilling programme for well 31/7-1 concerns drilling of a wildcat well. Faroe Petroleum Norge AS is the operator and has an ownership interest of 50 per cent, while Core Energy AS is a licensee with a 50 per cent interest. The area in this licence is part of blocks 31/7 and 30/9. Production licence 740 was awarded in APA 2013, 7 February 2014. This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

30 May 2016

Drilling permit for wells 30/11-14, 30/11-14 A and 30/11-14 B in production licence 035

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for wells 30/11-14, 30/11-14 A and 30/11-14 B, cf. Section 8 of the Resource Management Regulations. The three wells will be drilled from the Songa Delta drilling facility at position 60°11’29.9’’ north and 02°35’11.4’’ east in production licence 035. The drilling programme relates to the drilling of two wildcat wells (30/11-14 and 30/11-14 B) and one appraisal well (30/11-14 A) which will be drilled if a discovery is made. Statoil is the operator with an ownership interest of 50 per cent. Det norske oljeselskap ASA is the licensee with 50 per cent. The area in this licence consists of a part of block 30/11. Production licence 035 was awarded in licensing round 2-A on 14 November 1969. These are the 12th, 13th, and possibly the 14th exploration wells to be drilled within the licence area. The permit is contingent on the operator securing all other permits and consents required by other authorities before the drilling activity commences.

30 May 2016

Minor oil discovery and dry appraisal well southwest of the Oseberg Sør field in the North Sea - 30/11-12 S and 30/11-12 A

Statoil Petroleum AS, operator of production licence 035, is in the process of concluding the drilling of wildcat well 30/11-12 S and appraisal well 30/11-12 A. The wells were drilled two kilometres south of the 30/11-9 A (Askja Øst) discovery, and about 35 km southwest of the Oseberg Sør facility in the North Sea. The objective of well 30/11-12 S was to prove petroleum in three sandstone layers in Middle Jurassic reservoir rocks (the Tarbert formation). The objective of well 30/11-12 A was to delineate in the event a discovery was made in 30/11-12 S. 30/11-12 S encountered a 37-metre oil column in the upper part of the Tarbert formation, of which about 30 metres had good to moderate reservoir properties. Well 30/11-12 A, which was drilled further down on the structure, encountered similar reservoir rocks, but is dry. Preliminary estimates place the size of the discovery at between 0.7 and 2.5 million standard cubic metres (Sm3) of recoverable oil equivalents. The discovery will be included in the evaluation of a new field development, along with other earlier discoveries in the area. Data has been collected and samples have been taken in both wells. Wells 30/11-12 S and 30/11-12 A were drilled to vertical and total depths of 3669 and 3671 metres, respectively, and 3609 and 4144 metres below the sea surface. 30/11-12 S was terminated in the Ness formation and 30/11-12 A was terminated in the Tarbert formation. The wells are the 12th and 13th exploration wells in production licence 035. The licence was awarded in the 2nd licensing round in 1969. Water depth is 110 metres. The wells have been permanently plugged and abandoned. Wells 30/11-12 S and 30/11-12 A were drilled by the Songa Delta drilling facility, which will continue its drilling campaign with the drilling of wildcat well 30/11-13 S in the same production licence, where Statoil Petroleum AS is the operator.

7 Jun 2016

Drilling permit for well 36/7-4 in production licence 636

The Norwegian Petroleum Directorate has granted ENGIE E&P Norge AS a drilling permit for well 36/7-4, cf. Section 8 of the Resource Management Regulations. Well 36/7-4 will be drilled from the Transocean Arctic drilling facility at position 61°24’59.72’’ north, 04°04’08.06’’ east after the facility concludes the drilling of wildcat well 31/7-1 A for Faroe Petroleum Norge AS in production licence 740. The drilling programme for well 36/7-4 relates to the drilling of a wildcat well in production licence 636. ENGIE E&P Norge AS is the operator with an ownership interest of 30 per cent. The other licensees are Idemitsu Petroleum Norge AS (30 per cent), Wellesley Petroleum AS (20 per cent) and Tullow Oil Norge AS (20 per cent). The area in this licence consists of a part of block 36/7. The well will be drilled approx. 55 km southwest of Florø and about 10 km northwest of the Gjøa field. Production licence 636 was awarded on 3 February 2012 (APA 2011). This is the first well to be drilled within the licence area. The permit is contingent on the operator securing all permits and consents required by other authorities prior to commencing the drilling activity.

7 Jun 2016

Skipper Appraisal Well rescheduled for July 2016

Independent Oil and Gas plc ("IOG" or the “Company”), (AIM: IOG.L), is pleased to announce that the appraisal well on the Skipper oil discovery which lies in Block 9/21a in licence P1609 in the Northern North Sea, is scheduled to be drilled in July 2016. Drilling of the Skipper appraisal well, of which IOG is 100% owner and operator, is scheduled for July 2016 and will be drilled by Transocean’s Sedco 704 semi-submersible.

9 Jun 2016

Minor gas/condensate discovery southwest of the Oseberg South field in the North Sea - 30/11-13

Statoil Petroleum AS, operator of production licence 272, has completed the drilling of wildcat well 30/11-13. The well proved gas/condensate. The well was drilled eight kilometres southeast of the 30/11-8 S (Krafla) discovery and about 27 kilometres south of the Oseberg South facility in the North Sea. The primary exploration target for the well was to prove petroleum in Middle Jurassic reservoir rocks (the Tarbert formation). The secondary exploration target was to prove petroleum in Middle Jurassic reservoir rocks (the Ness formation). The well encountered gas columns at two levels in the top part of the Tarbert formation, a total of 5 and 31 metres, respectively, of which 4 and 22 metres had good to moderate reservoir properties. The secondary exploration target in the Ness formation is aquiferous. The preliminary estimation of the size of the discovery is between one and three million standard cubic metres (Sm3) of recoverable oil equivalents. The discovery will be included in the evaluation of a new field development along with previous discoveries in the area. Data has been collected and samples were taken from the well. Well 30/11-13 was drilled to a vertical depth of 3313 metres below the sea surface and was terminated in the Ness formation. The well is the fourth exploration well in production licence 272. The licence was awarded in the North Sea Awards in 2001. Water depth is 106 metres. The well will be permanently plugged and abandoned. Well 30/11-13 was drilled by the Songa Delta drilling facility, which will continue the drilling campaign by drilling wildcat well 30/11-14 in the same production licence, where Statoil Petroleum AS is the operator.

7 Jun 2016

INPEX to Commence Exploratory Offshore Drilling in Japan

TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today it commenced drilling operations on an exploratory well offshore Shimane and Yamaguchi prefectures on June 5. The drilling operations are part of a project commissioned by the Agency of Natural Resources and Energy of the Ministry of Economy, Trade and Industry (METI) of Japan for the agency’s “Heisei 26~28 Domestic Offshore Drilling Program in Japan” as announced on July 30, 2015. The drilling operations are being conducted at a location approximately 130km northwest of Shimane Prefecture and approximately 140km north of Yamaguchi Prefecture. Going forward, INPEX plans to determine the presence of hydrocarbon deposits in the area by conducting a detailed analysis and evaluation of data obtained through the exploratory drilling. INPEX will prioritize safety throughout the execution of the project, keeping local communities fully informed and calling on their cooperation.

16 Jun 2016

Oil and Gas Discovery at the Brasse Exploration Well

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal, development and production opportunities in Norway and the UK, is pleased to announce an oil and gas discovery in the Faroe-operated Brasse exploration well in licence PL740 in the Norwegian North Sea (Faroe 50%). The Brasse well (31/7-1) has been drilled to a total depth of 2,780 metres. The well encountered approximately 18 metres of gross gas-bearing and approximately 21 metres of gross oil-bearing Jurassic reservoir which is believed to be analogous to the effective reservoir at the Brage producing oil field (Faroe 14.3%), located approximately 13 kilometres to the north of Brasse. Preliminary results based on extensive coring, wireline logs and pressure data show that the well has encountered oil and gas in reservoir sandstones of good quality. The presence of oil and gas has been confirmed subsequently by fluid sampling. The partnership has now decided to drill a sidetrack to help confirm both the reservoir distribution and hydrocarbon contacts. A further announcement will be made at the completion of drilling activities. The co-venturer in the PL740 licence is Point Resources AS (50%).

21 Jun 2016

Drilling permit for wellbore 31/7-1 A in production licence 740

The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-1 A, cf. Section 8 of the Resource Management Regulations. Well 31/7-1 A will be drilled from the Transocean Arctic drilling facility at position 60°25'31.55"N and 3°1'28.23"E in production licence 740. The drilling programme for well 31/7-1 A relates to the drilling of an appraisal well. Faroe Petroleum Norge AS is the operator with an ownership interest of 50 per cent and Core Energy AS is a licensee with 50 per cent. The area in this licence consists of parts of blocks 31/7 and 30/9. Production licence 740 was awarded in APA 2013, 7 February 2014. This is the first well to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

21 Jun 2016

Songa Delta suspended

Statoil will suspend the Songa Delta contract after the current well, Slemmestad, in the North Sea. From end June, 2016, the rig will go on 75% suspension rate (USD 277.000 per day). The expected resumption of the work with Statoil is indicated to be mid August 2016. The overall financial impact is expected to be limited, due to anticipated lower operating expenses in the warm-stacking period.

27 Jun 2016

Consent for use of Songa Encourage

Statoil has received consent to use Songa Encourage for the drilling and completion of wells at Åsgard and Heidrun. The consent covers production drilling, completion, workover, intervention and plugging. Planned start-up at Åsgard and Heidrun is mid-July 2016 and mid-December 2016 respectively. The PSA has now granted Statoil consent to use Songa Encourage at Åsgard and Heidrun in accordance with the company's application.

30 Jun 2016

Skipper Appraisal Well Update

Independent Oil and Gas plc ("IOG" or the “Company”), the development and production focused Oil and Gas Company, is pleased to announce that all resolutions were duly passed at the Company's Annual General Meeting held yesterday in London. The Company is also pleased to announce that it expects to take Transocean’s Sedco 704 semi-submersible drilling rig on contract and commence the drilling of the appraisal well on the Skipper oil discovery in the second half of July 2016. Skipper lies in Block 9/21a in licence P1609 in the Northern North Sea and IOG is the 100% owner and operator of the licence. The well is expected to take approximately 22 days to drill. The vertical well will be drilled to 5,600ft with the primary objective of retrieving good quality reservoir condition oil samples in order to optimise the Skipper field development plan. The well will also drill two mapped reservoir structures beneath the Skipper oil field in the Lower Dornoch and Maureen formations. The directors of the Company believe an approved field development plan on Skipper would convert the Board’s estimated 34.1 MMBbls of contingent resources, based on a 25% recovery factor, into 2P reserves.

6 Jul 2016

Lancaster 205/21a-7 Well Spud

Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that the 205/21a-7 well on the Lancaster field, West of Shetland, was spudded at approximately 01.35 hrs on 6 July 2016, using the Transocean Spitsbergen drilling rig. The well is located on licence P1368 Central in which Hurricane has a 100% interest. The 205/21a-7 Pilot Well (the "Pilot Well") is the first in a two-well programme designed to refine the Lancaster resource range, provide a second future production well and provide new information to help optimally plan the Lancaster field development.

13 Jul 2016

Oil and gas discovery south of the Brage field in the North Sea - 31/7-1 and 31/7-1 A

Faroe Petroleum Norge AS, operator of production licence 740, has concluded the drilling of wildcat well 31/7-1 and appraisal well 31/7-1 A. 31/7-1 proved oil and gas and 31/7-1 A delineated the discovery. The wells were drilled 13 kilometres south of the Brage field in the North Sea. The primary exploration target for the wells was to prove and delineate petroleum in Middle Jurassic reservoir rocks (the Fensfjord formation). The secondary exploration target was also in Middle Jurassic reservoir rocks (the Brent group) and the third exploration target was in the Lower Jurassic (the Cook formation and the Statfjord group). 31/7-1 encountered a gas column of about 18 metres and an oil column of about 21 metres in sandstone in the Middle Jurassic Fensfjord formation. Reservoir quality is good. Well 31/7-1 A, which delineated the discovery, encountered a gas column of 6 metres and an oil column of 25 metres at levels equivalent to those of the discovery well. The secondary and third exploration targets were dry. Preliminary estimates indicate that the size of the discovery is between 6.8 and 12.7 million standard cubic metres (Sm3) of recoverable oil equivalents. The wells were not formation-tested, but extensive data acquisition and sampling have been carried out. The licensees will assess tie-in of the discovery to existing infrastructure on the Brage field. The wells are the first and second exploration wells in production licence 740, which was awarded in APA 2013. Well 31/7-1 was drilled to a vertical depth of 2750 metres below the sea surface, and was terminated in the Statfjord group in the Lower Jurassic. Well 31/7-1A was drilled to a vertical depth of 2270 metres below the sea surface, and was terminated in the Fensfjord formation in the Middle Jurassic. Water depth at the site is 140 metres. The wells will now be permanently plugged and abandoned. The wells were drilled by the Transocean Arctic drilling facility, which will now drill wildcat well 36/7-4 in production licence 636 in the North Sea, where ENGIE E&P Norge AS is the operator.

14 Jul 2016

Skipper Update

Drilling of the Skipper appraisal well, of which IOG is 100% owner and operator, is anticipated to commence on 22 July 2016 and will be drilled by Transocean’s Sedco 704 semi-submersible, which is expected to come on contract on or around 20 July 2016. Skipper lies in Block 9/21a in licence P1609 in the Northern North Sea and IOG is the 100% owner and the appraisal well is expected to take approximately 22 days to drill. The vertical well will be drilled to 5,600ft with the primary objective of retrieving good quality reservoir condition oil samples in order to optimise the Skipper field development plan. The well will also drill two mapped reservoir structures beneath the Skipper oil field in the Lower Dornoch and Maureen formations. The directors of the Company believe an approved field development plan on Skipper would convert the Board’s estimated 34.1 MMBbls of contingent resources, based on a 25% recovery factor, into 2P reserves. Initial results from the well are expected mid-August.

21 Jul 2016

Seco 702 Held for Sale

According to Transocean’s latest fleet status report (July 2016), the deepwater floater, Sedco 702, is held for sale and will be recycled in an environmentally responsible manner.

19 Jul 2016

Engie spuds Cara

ENGIE E&P Norge is the operator of the exploration well PL 636 Cara in the northern North Sea. The Cara well is located 35 kilometres from shore and approximately 6 kilometres from Gjøa in the Northern North Sea. Water depth is about 350 meters and both oil and/or gas cases are considered. The well is regarded a standard exploration well of conventional design with a four string casing program. The drilling rig Transocean Arctic will be conducting the drilling operation. The Transocean Arctic, operated by Transocean Norway Operations AS, is a harsh environment midwater semi-submersible drilling rig. The drilling operation is scheduled to take approximately 41 days. In case of discovery, the plan is to execute a Drill Stem Test for an additional 25 days to assess the size of the reservoir. "In case of a commercial discovery, Cara is a potential tie-back to the Gjøa-platform, which we operate. The results from Cara will increase our understanding of the Gjøa area, which is one of our core areas on the Norwegian Continental Shelf," says Cedric Osterrieth, Managing Director of ENGIE E&P Norge AS. The Norwegian Petroleum Directorate will announce the result of the drilling operation.

20 Jul 2016

Acknowledgement of Compliance for Songa Enabler

Songa Offshore has received the PSA's Acknowledgement of Compliance (AoC) for Songa Enabler. Songa Enabler is a semi-submersible facility and the fourth of the Cat D rigs that Songa is building for Statoil. 20.07.2016 Print Tip someone Register for news Songa Enabler is a semi-submersible facility and the fourth of the Cat D rigs that Songa is building for Statoil. In total, 60 mobile facilities have received an Acknowledgement of Compliance from the PSA. It is the PSA's assessment that petroleum activities may be carried out using the Songa Enabler facility within the regulatory framework. The validity of the Acknowledgement of Compliance assumes that Songa Offshore ensures that the facility and relevant parts of the company’s organisation and management systems are maintained, to fulfil the terms and conditions set out in the PSA’s decision. In connection with the AoC application for Songa Enabler, the PSA carried out audits within several selected disciplines.

20 Jul 2016

Skipper Update

Independent Oil and Gas plc ("IOG" or the “Company”), the development and production focused Oil and Gas Company, is pleased to provide an update on the drilling of the appraisal well on the Skipper oil discovery which lies in Block 9/21a in licence P1609 in the Northern North Sea. The Skipper appraisal well, of which IOG is 100% owner and operator, will be drilled by Transocean’s Sedco 704 semi-submersible drilling rig which is now on contract with IOG and is being towed to the drilling location. Operations are anticipated to commence on 22 July 2016. Further to the announcements on 7 December 2015 and 11 December 2015, the loan agreements signed with GE Oil & Gas UK Limited for £2 million and London Oil & Gas Limited, part of London Group plc for £2.75 million and £0.8 million have been extended to 20 December 2017, in line with a number of other service and equipment contractors on deferred payment terms for all or part of their costs on the Skipper well. No fees have been levied or further warrants granted in achieving this extension. It was previously announced on 14 July 2016 that from 19 July 2016, the number of Ordinary Shares in issue would be 101,546,680. The correct amount is 101,728,498 Ordinary Shares and this number should be used by shareholders going forward as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA’s Disclosure and Transparency Rules.

29 Jul 2016

Songa Enabler commencement of drilling contract

Songa Enabler has commenced drilling operations on 29 July 2016 in the Barents Sea. The rig is now on operating rate under its eight-year drilling contract with Statoil on the Norwegian continental shelf. Songa Enabler is the last rig in a series of four Category D semi-submersible drilling rigs, specifically built for and contracted to Statoil.

3 Aug 2016

Consent to use Songa Enabler at Snøhvit

Statoil has received consent to use Songa Enabler for drilling three wells at Snøhvit. Snøhvit is a gas field in the Barents Sea north-west of Hammerfest. Statoil is the field's operator. Snøhvit has been developed using a subsea production facility. The gas is transported onshore through a 143-kilometre-long pipeline to Melkøya, off Hammerfest. Production at Snøhvit began in 2007. Gas from the field contains CO2, which is separated out at Melkøya and sent back to the field for reinjection. Statoil has received consent to use the Songa Enabler mobile drilling facility to drill three wells on the field. Two of these are production wells, while the third is for reinjecting CO2. The wells are designated 7121/4 G-4 H, F-1 H and G-3 H. The two well templates are in 316 and 318 metres of water respectively. Drilling is scheduled to begin in late July 2016 and will last for 220 days in all. Songa Enabler is a semi-submersible drilling facility of the CAT D type. It was delivered by the Daewoo yard in South Korea in 2016, is registered in Norway and classified by DNV-GL. Songa Enabler was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2016.

2 Aug 2016

Consent to use Songa Delta at Tune

Statoil has received consent to use Songa Delta for well plugging at Tune. The Tune field is a gas and condensate field in the North Sea, around 10 kilometres west of the Oseberg field centre. Statoil is the field's operator. Water depth at the site is around 95 metres. The field has been developed using a subsea template and a satellite well tied back to Oseberg. Production at Tune began in 2002. Statoil has now received consent to use the Songa Delta mobile drilling facility to plug well 30/8-A-12 on the field permanently. The activity is scheduled to begin in early September 2016 and estimated to last 24 days. Songa Delta is operated by Songa Offshore. It was issued with an Acknowledgement of Compliance (AoC) by the PSA in November 2012.

29 Jul 2016

Drilling for replenishment of Snøhvit gas

The Songa Enabler drilling rig has started drilling a new injection well for CO2 gas on the Snøhvit field off the coast of Hammerfest. Next a production well will be drilled for replenishment of gas for Hammerfest LNG. Snøhvit is still the only LNG project in the world capturing and storing CO2 separated from the well stream in a dedicated formation offshore. So far more than four million tonnes of CO2 from Snøhvit have been stored. The stored CO2 is being monitored in order to ensure that it does not mix with the main producing reservoir. A new CO2 injection well is now required. After the new CO2 injector is installed, the rig will move on to drill the first new production well at Snøhvit since the field came on stream in 2007. The drilling campaign is planned to last until Christmas. The CO2 solution project was established in 2013 in order to build and install a new CO2 injection well, replacing the original injector that over time would leak CO2 into the gas reservoir on the Snøhvit field. “Hammerfest LNG needed replenishment of gas in order to maintain the high production and capacity utilisation at the plant, while ensuring sustainable CO2 storage. This project is therefore important to Statoil,” says Geir Owren, asset owner representative for the project. In the summer of 2015 an extensive marine campaign was performed. Pipelines and a template for the CO2 project were installed and tied in to the existing subsea facility on the Snøhvit field. The new subsea facility was built and installed without injuries and well within the budget of NOK 2.5 billion. “The distance to the Barents Sea presents extra challenges with regard to mobilisation and sailing time, which requires careful planning, thorough preparations and close cooperation with the suppliers. We are pleased both with the equipment suppliers and marine operations, which resulted in successful project implementation,” says project leader Sveinung Øvretveit. The next big development step for Hammerfest LNG is the development of the Askeladd field, which is part of the plan for development and operation of the Snøhvit licence. It is expected to come on stream in 2020/2021. This development step will help ensure full utilisation of the capacity at Hammerfest LNG.

16 Aug 2016

Njord North Flank-2 exploration well commences drilling in the Norwegian Se

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commencement of the Njord North Flank-2 (“NF-2”) exploration well 6407/7-9 S (Faroe 7.5%). The NF-2 prospect is located in Licence PL107C immediately north of the Njord field (Faroe 7.5%). The well will target Middle and Lower Jurassic sandstone reservoirs of the Ile and Tilje formations in a fault-bounded structural closure, with a TD in the Lower Jurassic Åre Formation. If successful, NF-2 could add further reserves and value to the Njord Future Project. The NF-2 exploration well, located in approximately 323 metres of water, is operated by Statoil Petroleum AS (20%) using the Songa Delta drilling rig, with co-venturers ENGIE E&P Norge AS (40%), DEA E&P Norge AS (30%) and VNG Norge AS (2.5%). Results from the well will be announced when drilling operations have been completed.

16 Sep 2016

Gas and oil discovery northeast of the Gjøa field in the North Sea – 36/7-4

ENGIE E&P Norge AS, operator of production licence 636, is in the process of completing the drilling of wildcat well 36/7-4. The well proved oil and gas. The well was drilled six kilometres northeast of the Gjøa field and 55 kilometres southwest of Fløro. The objective of the well was to prove petroleum in Early Cretaceous reservoir rocks (Agat formation). The well encountered an approx. 50-metre gas column and 60-metre oil column in the Agat formation. Reservoir quality ranges from very good in the top section to good in the lower section. Preliminary estimation of the size of the discovery is between 4.3 – 11 million standard cubic metres (Sm3) of recoverable oil equivalents. The well was formation-tested. The maximum production rate was 1.3 million Sm3 gas per flow day through a 76/64-inch nozzle opening. The gas/oil ratio is approx. 16,000 Sm3/Sm3. The formation test generally showed very good production and flow properties. Extensive data and samples were collected. The licensees will consider a tie-in of the discovery to existing infrastructure on the Gjøa field. 36/7-4 is the first exploration well in production licence 636. The licence was awarded in APA 2011. The well was drilled to a vertical depth of 2702 metres below the sea surface, and was terminated in the Åsgard formation in the Lower Cretaceous. Water depth at the site is 349 metres. The well will now be permanently plugged and abandoned. The well was drilled with the Transocean Arctic drilling facility.

16 Sep 2016

Gas and oil discovery northeast of the Gjøa field in the North Sea – 36/7-4

ENGIE E&P Norge AS, operator of production licence 636, is in the process of completing the drilling of wildcat well 36/7-4. The well proved oil and gas. The well was drilled six kilometres northeast of the Gjøa field and 55 kilometres southwest of Fløro. The objective of the well was to prove petroleum in Early Cretaceous reservoir rocks (Agat formation). The well encountered an approx. 50-metre gas column and 60-metre oil column in the Agat formation. Reservoir quality ranges from very good in the top section to good in the lower section. Preliminary estimation of the size of the discovery is between 4.3 – 11 million standard cubic metres (Sm3) of recoverable oil equivalents. The well was formation-tested. The maximum production rate was 1.3 million Sm3 gas per flow day through a 76/64-inch nozzle opening. The gas/oil ratio is approx. 16,000 Sm3/Sm3. The formation test generally showed very good production and flow properties. Extensive data and samples were collected. The licensees will consider a tie-in of the discovery to existing infrastructure on the Gjøa field. 36/7-4 is the first exploration well in production licence 636. The licence was awarded in APA 2011. The well was drilled to a vertical depth of 2702 metres below the sea surface, and was terminated in the Åsgard formation in the Lower Cretaceous. Water depth at the site is 349 metres. The well will now be permanently plugged and abandoned. The well was drilled with the Transocean Arctic drilling facility.

15 Oct 2016

Well incident at Songa Endurance

On Saturday 15 October a well control incident occurred on the drilling rig Songa Endurance. The well has now been secured with a blowout preventer around the drill string on the seabed and with a valve on the rig. Work is now being carried out to stabilise the well. Personnel without work assignments in connection with the incident will now be removed from the rig. The incident was reported to the company’s alarm centre at 9:50 am CET on Saturday. There were 107 people on board when the incident occurred. No injuries were reported and there is no risk of an oil spill. Songa Endurance was working on the G4 well in the Troll field near Troll B when complications arose. Complications occurred during the work on removing the production string from the well. The blowout preventer was then activated and the well is now closed. There is still pressure in the well and work is now being carried out to stabilise the well. Fluid for stabilising the well is being sent out to the rig from land to be able to perform this work. These supplies are expected to arrive at the field at around 8 pm CET this evening. Extra specialist personnel are on the way to the rig to assist those on board. Statoil and Songa Offshore have mobilised their emergency response organisations. The emergency response vessel Stril Merkur is at the field and other resources, including helicopters, are available. Weather conditions are good. The Troll field is located in the northern part of the North Sea, approximately 65 kilometres west of Kollsnes in Hordaland. The field extends over an area of 750 square kilometres in blocks 31/2, 31/3, 31/5 and 31/6 in the North Sea.

18 Oct 2016

Two minor gas/condensate/oil discoveries in the Norwegian Sea - 6407/7-9 S and 6407/7-9 A

Statoil Petroleum AS, operator of production licence 107 C, has completed the drilling of wildcat wells 6407/7-9 S and 6407/7-9 A. The wells were drilled about six kilometres north of the Njord field in the southern part of the Norwegian Sea and about 137 kilometres north of Kristiansund. The primary exploration target for the wells was to prove petroleum in Early and Middle Jurassic reservoir rocks (Ile and Tilje formation) and the secondary exploration target was to prove Early Jurassic reservoir rocks (Åre formation). Well 6407/7-9 S encountered a 102-metre oil column in the Ile formation, and a 157-metre gas/condensate column in the Tilje formation. The reservoir properties in both reservoirs are poor to moderate. The well did not encounter a reservoir in the Åre formation. A few thin sand layers were encountered in the Lange formation in the Cretaceous, some with petroleum, but with poor reservoir properties. Preliminary estimates place the size of the discovery between 0.2 and 3 million standard cubic metres (Sm3) of recoverable oil equivalents. Well 6407/7-9 A encountered a 195-metre gas column in the Tilje formation and a 140-metre gas column in the Åre formation. Mobile petroleum was not proven in the Ile formation. The reservoir properties in the reservoirs are poor to moderate. Preliminary estimates place the size of the discovery between 0.1 and 1.5 million standard cubic metres (Sm3) of recoverable oil equivalents. The licensees will consider the discoveries along with other nearby discoveries with regard to a development with tie-in to the Njord field. The wells were not formation-tested, but extensive data acquisition and sampling were carried out. The wells are the first two exploration wells in production licence 107 C. The licence was awarded in APA 2008. Wells 6407/7-9 S and 6407/7-9 A were drilled to measured depths of 4114 metres and 4931 metres below the sea surface, respectively, and vertical depths of 4105 metres and 4127 metres below the sea surface, respectively. Both wells were terminated in the Åre formation from the Early Jurassic Age. Water depth is 323 metres. The wells will now be permanently plugged and abandoned. Wells 6407/7-9 S and 6407/7-9 A were drilled by the Songa Delta drilling facility, which will now proceed to a plugging operation on Tune in production licence 190.

31 Oct 2016

Songa Enabler suspended

Statoil will suspend the Songa Enabler contract when the current well on the Snöhvit field in the Barents Sea is completed, with the earliest estimate to be from the end of November 2016 according to the current drilling schedule. The expected resumption of drilling operations is currently the start of the Blåmann well 1 April 2017. Statoil is working to revise the existing drilling schedule with focus on an earliest possible date for resumption of work. The rig will go on 75% suspension rate (USD 343.000 per day). The Company will minimize the overall financial impact through the suspension period with reduced manning and reduced activity level.

2 Jan 2017

Water leakage in pump room on Songa Encourage

Just after 12:30 today it was observed water ingress into a pumproom onboard the Songa Encourage. The mobile drilling unit is presently on the Heidrun-field on the Norwegian Continental Shelf. The rig was not in operations, as it was waiting on weather. The water leakage is stopped and the rig is stabilized. There was 79 persons on board the unit and no one is injured. The crew mustered according to standard procedure. The company's emergency response team is mobilized, co-ordinates support services and is in continuous contact with Statoil and the relevant authorities. The company has initiated actions to identify the root cause of the incident.

16 Jan 2017

Halifax 205/23-A - Well Spud

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces the spudding of well 205/23-A (the "Halifax Well") on 15 January 2017. The recently drilled Lancaster Pilot well (205/21a-7) encountered a minimum oil down to (ODT) of 1,620m TVDSS, indicating that the Lancaster oil accumulation is likely to extend beyond the Lancaster licence boundary. The recently awarded P2308 licence ("Halifax") is contiguous to, and extends north east from, Hurricane's existing Lancaster licence. The Company believes that if mobile oil can be demonstrated outside of local structural closure by the Halifax Well, then the Lancaster field could extend further north east along the Rona Ridge. A previous well (205/23-2) drilled on the Halifax structure encountered oil and gas shows in sandstones immediately above the basement. In addition, Hurricane's analysis of basement cuttings from the 205/23-2 well indicates the presence of oil thus mitigating the oil charge risk to Halifax. Seismic interpretation indicates the presence of a well-defined fault network within the fractured basement of the Halifax Prospect, analogous to that seen in Lancaster. The Company plans to drill the Halifax Well below local structural closure and will then perform an open hole drill stem test ("DST"). In the event of a successful DST, it is envisaged that the well will be deepened to investigate the oil water contact.

18 Jan 2017

Songa Encourage update

Following the 2 January 2017 water ingress into a pump room, Songa Encourage is currently close to Kristiansund, Norway, for equipment overhaul and repair which are progressing on schedule. The rig is expected to be back in operations early February 2017.

27 Jan 2017

Statoil receives consent to use Songa Encourage for well activities

Statoil has received consent to use Songa Encourage for well activities at Norne, Norne satellites and Alve. Statoil is the operator of the Norne field in the Norwegian Sea, west of Mo i Rana in Nordland county. The field has been developed using a floating production and storage unit, tied to the well templates on the seabed. Water depth at the Norne field is 380 metres. The oil is transported from the Norne facility by tanker, while the gas is piped to Kårstø in Rogaland county and on to Germany. Production at Norne began in 1997. The Alve field, which is 16 kilometres southwest of Norne, and other satellite fields are tied back to the Norne facility. Statoil has received consent to use the Songa Encourage mobile drilling facility to perform well activities on these fields. The activities include drilling wells for production or injection, well overhaul and other intervention work, as well as plugging. Songa Encourage is a semi-submersible drilling facility of the Cat D type, owned and operated by Songa Offshore. It was built by the Daewoo yard in South Korea in 2016, is registered in Norway and classified by DNV GL. Songa Encourage was issued with an Acknowledgement of Compliance (AoC) by the PSA in April 2016.

23 Feb 2017

Drilling permit for well 6705/7-1 in production licence 705

The Norwegian Petroleum Directorate has granted Repsol Norge AS a drilling permit for well 6705/7-1, cf. Section 8 of the Resource Management Regulations. Well 6705/7-1 will be drilled by the Transocean Spitsbergen drilling facility at position 67°15'5.14" north and 5°10'29.12" east, after completing the drilling of wildcat well 205/23-3a on the British side for Hurricane. The drilling programme for well 6705/7-1 relates to the drilling of a wildcat well in production licence 705. Repsol Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are DEA Norge AS with 30 per cent and M Vest Energy AS with 30 per cent. The area in this licence consists of blocks 6705/8 and 6705/9, in addition to parts of blocks 6705/7 and 6705/10. The well will be drilled about 330 kilometres west of Bodø. Production licence 705 was awarded on 21 June 2013 (22nd licensing round). This is the first well to be drilled in the licence area. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activities.

2 Mar 2017

Repsol receives consent for exploration drilling

Repsol has received consent to drill exploration well 6705/7-1 in the Norwegian Sea. Repsol Norge AS (Repsol) is the operator for production licence 705 in the Norwegian Sea. The PSA has given Repsol consent to drill exploration well 6705/7-1 in a prospect named Stordal. The drilling site is in the deep-water section of the Norwegian Sea, around 395 kilometres west of Bodø. Water depth at the site is 1410 metres. Drilling is scheduled to start in early March and to last 33 days, or 48 days if a discovery is made. The well is to be drilled by Transocean Spitsbergen, which is a semi-submersible drilling facility of the Aker H-6e type, owned and operated by Transocean Offshore Ltd. It was built at the Aker Stord yard in 2009, is registered in the Marshall Islands and classified by DNV GL. Transocean Spitsbergen received a new Acknowledgement of Compliance from the PSA in November 2012 following a change of ownership.

2 Mar 2017

Aker BP receives consent to drill an exploration well at Volund

Aker BP has received consent to drill exploration well 24/9-11S on the Volund field. The well is to be drilled by Transocean Arctic. Aker BP ASA (Aker BP) is the operator of the Volund field, in the North Sea, around 220 kilometres west of Tananger in Rogaland county. Volund is an oil field that has been developed using a subsea facility tied back to the Alvheim FPSO unit. The PSA has given Aker BP consent to drill an exploration well with the designation 24/9-11S on the field. The consent also covers a potential sidetrack. The object of the drilling is to investigate the potential of a formation 7.5 kilometres west of the subsea facility at Volund. Water depth at the site is 122 metres. The drilling work is scheduled to take 28 days. Any potential sidetrack will be in addition to this. Drilling is to be performed using the Transocean Arctic mobile drilling facility, which is owned and operated by Transocean Ltd. Transocean Arctic was built in 1987 by Mitsubishi Heavy Industries in Japan. The facility was upgraded in 2004 and received Acknowledgement of Compliance (AoC) from the PSA in July of that year. It is registered in the Marshall Islands and classified by DNV GL.

7 Mar 2017

Consent to use Songa Enabler at Snøhvit

Statoil has received consent to use Songa Enabler for drilling a production well at Snøhvit. Snøhvit is a gas field in the Barents Sea north-west of Hammerfest. Statoil is the field's operator. Snøhvit has been developed using a subsea production facility. The gas is transported onshore through a 143-kilometre-long pipeline to Melkøya, off Hammerfest. Production at Snøhvit began in 2007. On 15 July 2016, Statoil received consent to use the Songa Enabler mobile drilling facility to drill three wells on the field. We have now given Statoil consent to drill a fourth well using the same facility. The well is to be drilled in the same well template as two of the first wells. The well template is in 318 metres of water. Drilling is scheduled to begin in mid-march 2017 and will last 65 days. Songa Enabler is a semi-submersible drilling facility of the CAT D type. It was delivered by the Daewoo yard in South Korea in 2016, is registered in Norway and classified by DNV-GL. Songa Enabler was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2016.

14 Mar 2017

Wärtsilä to optimise performance and uptime of four Songa Offshore drilling rigs

The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semi-submersible drilling rigs operating in the North Sea. Through the partnership with Wärtsilä, Songa Offshore ensures optimal performance and maximum availability of the Wärtsilä engines and thrusters on board the drilling rigs, which operate in extremely harsh conditions. This is possible with real-time knowledge of the actual condition of the equipment, provided by Wärtsilä’s digital offering. Under the agreement, signed in December 2016, Wärtsilä offers Songa Offshore dynamic maintenance planning and inspections, real-time condition monitoring of engines and thrusters as well as equipment analysis reports. Improved maintenance scheduling leads to better predictability and improved cost efficiency. The agreement concerns four of the customer’s rigs: Songa Equinox, Songa Encourage, Songa Endurance and Songa Enabler. Each rig is equipped with six Wärtsilä 32 engines. Two of the rigs have six Wärtsilä FS3500 steerable thrusters, and two have six Wärtsilä FS3510 steerable thrusters. The rig type is designed for efficient year-round drilling, completion, testing and intervention operations in harsh conditions. “We are very excited about this first long-term service agreement with Songa Offshore. With our expertise, we ensure that Songa Offshore’s rigs can reach their full performance in the harsh environment of the North Atlantic basin,” says Cato Esperø, Sales Director, Wärtsilä Norway.

23 Mar 2017

Statoil receives consent for exploration drilling in block 7121

Statoil has received consent to drill exploration well 7121/8-1 in the Barents Sea. Statoil has received consent to drill exploration well 7121/8-1 in production licence 849. The well is to be drilled in a prospect named Blåmann. The drill site is in 376 metres of water, around 113 kilometres north-west of Hammerfest and 25 kilometres from Goliat. The drilling work is scheduled to take 25 days. The consent also covers drilling of a possible sidetrack, with the designation 7171/8-1A, which will take 13 days. The well is to be drilled by Songa Enabler, which is a semi-submersible drilling facility of the CAT D type. It was delivered by the Daewoo yard in South Korea in 2016, is registered in Norway and classified by DNV-GL. Songa Offshore received Acknowledgement of Compliance (AoC) for the facility from the PSA in July 2016.

7 Apr 2017

Drilling permit for well 24/9-11 S in production licence 150 B

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 24/9-11 S, cf. Section 8 of the Resource Management Regulations. Well 24/9-11 S will be drilled from the Transocean Arctic drilling facility, at position 59°29’6.79’’ north and 01°50’7.65” east. The drilling programme for well 24/9-11 S relates to the drilling of a wildcat well in production licence 150 B. Aker BP ASA is the operator with an ownership interest of 65 per cent, while Lundin Norway AS is a licensee with an ownership interest of 35 per cent. Production licence 150 B was awarded in 2011 (APA 2010). The area in this production licence is located in the central part of the North Sea, and consists of parts of block 24/9, which borders on the UK shelf. The well will be drilled southwest of the 24/9-5 Volund field. This is the first well to be drilled within the production licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

7 Apr 2017

Drilling permit for wellbore 7121/8-1 in production licence 849

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 7121/8-1, cf. Section 8 of the Resource Management Regulations. Wellbore 7121/8-1 will be drilled from the Songa Enabler drilling facility, at position 71°25'43.86" N and 21°38'26.5" E after completing the drilling of production well 7121/4-F-3 H for Statoil Petroleum AS in production licence PL 099 on the Snøhvit field. The drilling programme for wellbore 7121/8-1 relates to the drilling of a wildcat well in production licence 849. Statoil Petroleum AS is the operator with an ownership interest of 50 per cent. The other licensees are Eni Norge AS (30 per cent) and Petoro AS (20 per cent). The area in this licence consists of a small part of block 7121/7 and parts of blocks 7121/8, 7121/9 and 7122/7. The well will be drilled about 25 kilometres southeast of the Snøhvit field. Production licence 849 was awarded on 5 February 2016 in APA 2015. This is the first well to be drilled in the licence area. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.

20 Apr 2017

Statoil receives consent for exploration drilling in the Barents Sea

Statoil has received consent to drill an exploration well in block 7219 in the Barents Sea. Statoil is the operator for production licence 532 in the Barents Sea and has received consent to drill exploration well 7219/9-2 in a prospect named Kayak. The drilling site is 198 kilometres north-west of Sørøya in Finnmark and around 140 kilometres north-west of Goliat. Water depth at the site is 336 metres. Drilling is scheduled to begin in April 2017 and is scheduled to last 27 days. The well will be drilled using the Songa Enabler mobile drilling facility, which is owned and operated by Songa Offshore. Songa Enabler is a semi-submersible facility of the CAT D type, built at the Daewoo yard in South Korea in 2016. It is classified by DNV GL and registered in Norway.

4 May 2017

Transocean Spitsbergen Completes Repsol Contract

Repsol has completed drilling the 6705/7-1 exploration well on production licence 705. The well was drilled by the Transocean Spitsbergen and was spudded in March 2017. The Transocean Spitsbergen has demobilised from the drill site and is currently laid-up in Norway. The rig is due to move to the UKCS to drill three exploration wells for Statoil on the Mariner, Jock Scott and Verbier licenses.

8 May 2017

Statoil receives consent to use Songa Encourage at Troll

Statoil has received consent to use Songa Encourage for drilling and completing a production well on the Troll field. We have given Statoil consent to use the Songa Encourage mobile drilling facility to drill and complete production well 31/2-O-24 on the Troll field. The well is to be drilled in a well template tied back to Troll C by a subsea pipeline. Water depth at the site is 338 metres. The drilling work is scheduled to take 71 days. Songa Encourage is a semi-submersible drilling facility of the GVA 4000 type, operated by Songa Offshore. It was built at the Daewoo yard in South Korea in 2016. It is classified by DNV GL and registered in Norway. Songa Encourage was issued with an Acknowledgement of Compliance (AoC) by the PSA in April 2017.

9 May 2017

Audit of Transocean Arctic

We have carried out an audit of Transocean Arctic in respect of structural safety. On 4 and 5 April 2017, we carried out an audit of the Transocean Arctic mobile drilling facility in the domain of structural safety. The audit was conducted at Transocean's premises at Forus in Stavanger and addressed primarily robustness, lifecycle challenges and barriers within structures and marine systems, as well as analyses of waves on deck. The audit is founded on our main theme for 2017 – "Reversing the trend" – and in particular on the pillar of robustness. During the audit, we focused on robustness in the context of ageing mechanisms. Transocean Arctic was built in 1984 and upgraded in 2004. The facility received Acknowledgement of Compliance (AoC) in July 2004. No regulatory non-conformities were detected during the audit, though a handful of improvement points were identified. Transocean has been asked to report on how these improvement points will be assessed by 19 May 2017.

12 May 2017

Dry well west of the Aasta Hansteen field in the Norwegian Sea – 6705/7-1

Repsol Norge AS, operator of production licence 705, has completed the drilling of wildcat well 6705/7-1. The well was drilled about 80 kilometres northwest of the Aasta Hansteen field in the northern part of the Norwegian Sea. The objective of the well was to prove petroleum in Upper Cretaceous reservoir rocks (Nise formation). Well 6705/7-1 encountered two reservoir intervals with a total thickness of about 200 metres of sandstone in the Nise formation with good to moderate reservoir quality. The reservoir rocks only contain weak traces of gas. The well is classified as dry. Data acquisition and sampling were carried out. This is the first exploration well in production licence 705. The licence was awarded in the 22nd licensing round in 2013. Well 6705/7-1 was drilled to a vertical depth of 3250 metres below the sea surface and was terminated in the Nise formation in the Upper Cretaceous. Water depth at the site is 1404 metres. The well has now been permanently plugged and abandoned. Well 6705/7-1 was drilled by the Transocean Spitsbergen drilling facility. Following a short break, the rig will proceed to the UK shelf to drill three wells for Statoil.

31 May 2017

Aker BP receives consent to use Transocean Arctic at Alvheim

Aker BP has received consent to use Transocean Arctic to drill two production wells on the Alvheim field. The two wells are designated 24/6-A-6 and 24/6-A-7 and are to be drilled in Boa, which is one of the four reservoirs comprising the Alvheim field. Transocean Arctic is a semi-submersible mobile drilling facility of the Marosso 56 type, built by Mitsubishi Heavy Industries in Japan in 1987. It was upgraded in 2004, is classified by DNV GL and registered in the Marshall Islands. The facility is operated by Transocean Ltd. It was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2004.

15 Jun 2017

Statoil receives consent for exploration drilling in the Barents Sea

Statoil has received consent to drill an exploration well in block 7325/4 in the Barents Sea. Well 7325/4-1 ("Gemini Nord") is in the Hoop area in the Barents Sea, around 275 kilometres from Nordkapp and 200 kilometres from Bjørnøya (Bear Island). Water depth at the site is 447 metres. The drilling is estimated to last for 19 days, and is scheduled to start in June. The well is to be drilled by Songa Enabler, which is a semi-submersible mobile drilling facility of the CAT D type. Songa Enabler was delivered by the Daewoo yard in South Korea in 2016, and is owned and operated by Songa Offshore. The facility is registered in Norway and classified by DNV GL. Songa Enabler was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2016.

19 Jun 2017

Dry well west of the Volund field in the North Sea – 24/9-11 S

Aker BP ASA, operator of production licence 150 B, has completed the drilling of wildcat well 24/9-11 S. The well was drilled about 7 kilometres west of the Volund field, 11 kilometres southwest of the Alvheim field and 230 kilometres northwest of Stavanger in the central part of the North Sea. The objective of the well was to prove petroleum in Upper Palaeocene reservoir rocks (the Hermod formation). Well 24/9-11 S encountered a 7-metre thick sandstone layer with very good reservoir properties. Some thin, partially cemented sandstone layers were also encountered above the main reservoir, with partially good reservoir properties. The sandstones have been interpreted as being remobilised from the Hermod formation and injected into the overlying Balder formation. The reservoir rocks have only faint traces of oil. The well is classified as dry. Data acquisition and sampling were carried out. This is the first exploration well in production licence 150 B. The licence was awarded in APA 2010. Well 24/9-11 S was drilled to measured and vertical depths of 2211 and 2114 metres below the sea surface, respectively, and was terminated in the Palaeocene Sele formation. The water depth is 122 metres. The well has now been permanently plugged and abandoned. Well 24/9-11 S was drilled by the Transocean Arctic drilling facility, which will now proceed to drill observation well 24/6-A-6 H in production licence 088 BS on the Alvheim field, where Aker BP is the operator.

30 Jun 2017

Statoil receives consent for exploration drilling in the Barents Sea

Statoil has received consent to drill an exploration well in block 7435/12 in the Barents Sea. 30.06.2017 Print Tip someone Register for news The well is to be drilled in a prospect named Korpfjell in block 7435/12 in the Barents Sea. The drilling site is in the northern sector of the Barents Sea South-East area, 37 kilometres from the Russian boundary and 415 kilometres from the Norwegian mainland. Water depth at the site is 253 metres. The drilling is estimated to last for 30 days, starting in late June. The well is to be drilled by Songa Enabler, which is a semi-submersible mobile drilling facility of the CAT D type. Songa Enabler was delivered by the Daewoo yard in South Korea in 2016, and is owned and operated by Songa Offshore. The facility is registered in Norway and classified by DNV GL. Songa Enabler was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2016.

3 Jul 2017

Kick-off for Statoil’s UK exploration campaign

Statoil will soon commence a three-well exploration drilling campaign on the UK continental shelf. In early July, the Transocean Spitsbergen semi-submersible rig will spud the first well in the campaign. “This is an exciting campaign testing three very different opportunities on the UKCS. We hope to make discoveries that can add value to existing projects and also provide the resources necessary for new developments on the UKCS,” says Jenny Morris, vice president Exploration, UK. The wells will be drilled in a continuous campaign that is expected to last approximately 2-3 months. The first well, Mariner Segment 9, could prove additional resources and increase the extent of the Mariner Field. After completing the well, expected to take between 15 and 25 days, the rig will move to Jock Scott, a prospect on the underexplored margins of the Viking Graben. The well is expected to be completed in 20-40 days. The last well of the campaign will be the Verbier opportunity in the Moray Firth area. The well is assumed to take 30-70 days to complete. “We have three exciting wells to test with a proven and efficient rig that will enable us to continue to develop our understanding of the full exploration potential of this mature basin and hopefully add new commercial reserves to our UK portfolio,” says Morris.

15 Jan 2013

HRT Officially Receives Transocean Marianas

The Transocean Marianas semi-submersible drilling rig has officially been handed over to HRT for the start of its contract with the Brazilian operator in Namibia, the unit is now enroute to the country from Ghana and is expected to arrive within three weeks. The unit will undergo 21 days of maintenance before it begins to work on the Wingat prospect where it is expected to drill for up to 60 days. The unit was previously contracted by Eni in Ghana for a three year term from December 2009.

7 Feb 2013

Transocean Marianas rig arrives in Namibia ahead of HRT drilling contract

The Transocean Marianas semi-submersible drilling unit has arrived in walvis bay in Namibia ahead of its contract with HRT. The unit will undergo necessary maintenance work for a three to four week period before it is used to drill the Wingat Prospect in the Walvis Basin. The rig will be embarking upon a drilling campaign in the Walvis and Orange basins in Namibia with HRT estimating that up to 7.39BOE can be discovered with it exploration campaign.

15 Jan 2013

Continued delay of 'Songa Trym' adds to woes for Songa Offshore

Songa announced further bad news for the company with the release of its ‘December fleet report’, with the news that the upgrade work on the Songa Trym semisubmersible rig was taking longer than expected and would be delayed again with the unit now unlikely to begin its contract with Statoil in Norway until the end of January 2013, a full 4 months after the unit was originally scheduled to begin operations. The work associated with the unit is now expected to cost over US$260m (with Statoil contributing US$55m) which along with the increased costs that were associated with the work on the ‘Songa Delta’ rig have added to the financial problems of the company who earlier this month were forced to sell off the ‘Songa Eclipse’ semisubmersible rig to Seadrill in order to pay off debt.

17 Jan 2013

Sedco 714 secures contract extension with Total

Transocean has announced that the company has secured an 18 month contract extension with Total for the Sedco 714 semisubmersible rig that is currently operating in the UK. The contract extension ensures that the unit will be fully contracted until October 2015 in the region, where it has been working since 2005 continuously for Total. Midwater rig availability in the UK offshore market is extremely tight and this contract extension has allowed Total to secure continuous usage of a valuable asset.

17 Jun 2013

Ocean Rig secures contract for newbuild drillship

Ocean Rig has announced that it secured a letter of award (LOI) for its newbuild ultra-deepwater drillship the ‘Ocean Rig Skyros’, worth around US$190 million. The contract is with an as yet unnamed ‘major oil company’ for work off West Africa in the form of a firm five well drilling programme taking place over 275 days, which will help to boost the rig managers contract backlog to around US$5 billion. The ‘Ocean Rig Skyros’ is the second of four, seventh generation units that Ocean Rig have on order at Samsung’s yard in South Korea. The contract is expected to commence upon delivery of the unit from the yard, which is currently anticipated to be in October 2013.

8 Jul 2013

Transocean drillship breaks own record for deepest operational water depth

Transocean and ONGC have announced that the drillship ‘Dhirubhai Deepwater KG1’ has set a new world record for the deepest operational water depth achieved by an offshore drilling rig. The unit which beat the previous record it set in February 2013 spudded a well in 10,411 feet (3,174m) of water while working off the east coast of India. The unit which is being sublet by ONGC from Reliance Industries is due to end its four year drilling assignment with ONGC once it has completed the newly spudded well. Upon completion the unit will return to Reliance for the final remaining year of its original five year contract.

23 Jul 2013

Ocean Rig secures US$1.3 billion contract for 'Ocean Rig Skyros'

Ocean rig has announced that the company has been awarded a six year contract for the newbuild ‘Ocean Rig Skyros’ Samsung designed drillship. The new contract is expected to begin in direct continuation of the units initial five well, 275 day contract that was signed with Total E&P Angola in June 2013. The new letter of award is with an as yet unnamed major oil company for drilling operations in West Africa and is worth a total of US$1,300 million. The award of the contract means that all of Ocean Rig’s drillship units are now contracted through the entirety of 2014.

15 Oct 2013

Transocean orders newbuild drillship on award of five year contract from Chevron

Transocean has announced the award of a new five year drilling contract from Chevron with work expected to begin in the USA in Q1 2017 and a contract value of US$1.1 billion. The contract award has led Transocean to order a newbuild drillship from Daewoo Shipbuilding and Marine Engineering’s (DSME) Okpo yard in South Korea. The newbuild drillship is expected to be delivered in Q4 2016 at a total cost of US$725 million and upon delivery the unit will mobilise to the USA to begin the contract with Chevron. The newbuild drillship will be the seventh ultra-deepwater rig that Transocean currently has under construction at DSME once construction work begins and the order helps the company’s push towards redefining itself as a high-specification rig contractor.

29 Aug 2013

Millennium Offshore Services (MOS) completes purchase of jackup rig

Millennium Offshore Services (MOS) a provider of offshore jackup accommodation vessels globally has successfully completed the purchase of Transocean’s ‘Trident IV’ jackup rig which is to be renamed the ‘MOS Frontier’. MOS purchased the jackup rig for an all-in price of US$25 million and plan to turn the rig into an accommodation jackup vessel to target accommodation work in the Middle East, Asia-Pacific and North African regions. The ‘Trident IV’ jackup was put up for sale by Transocean in October 2012 and has been idle since completing a contract in Nigeria in 2008. The sale also falls in line with Transocean’s strategy to move the company further towards a purely high-specification asset rig operator.

2 Dec 2013

VNG to drill exploration well using the 'Transocean Arctic'

The Norwegian Petroleum Directorate has issued VNG Norge AS a drilling permit for well 6406/12-3 S, cf. Section 8 of the Resource Management Regulations. Wellbore 6406/12-3 S will be drilled from the Transocean Arctic drilling facility in position 64°01’52.37’’ north and 06°45’17.53’’ east after it completes drilling wildcat well 35/9-10 A for Wintershall Norge AS in production licence 418. The drilling programme for well 6406/12-3 S concerns drilling of a wildcat well in production licence 586. VNG Norge AS is the operator with an ownership interest of 30 per cent. The other licensees are Spike Exploration Holding AS (30 per cent), Faroe Petroleum Norge AS (25 per cent) and Rocksource Exploration Norway AS (15 per cent). The area in this licence consists of part of block 6406/11 and part of block 6406/12. The well will be drilled approx. 8 kilometres east of the 6406/11-1 S discovery and about 33 kilometres southwest of the Njord field. Production licence 586 was awarded on 4 February 2011 (APA 2010). This is the first well to be drilled in this licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities before the drilling activity starts.

23 Sep 2013

Statoil set to drill two wells on PL 348 using 'Songa Trym' semisub

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wells 6407/8-6 and 6407/8-6 A, cf. Section 8 of the Resource Management Regulations. Wells 6407/8-6 and 6407/8-6 A will be drilled from the Songa Trym drilling facility at position 64°21'12.70" north and 07°27'44.48" east after it completes drilling of the wildcat well 6608/10-15 for Statoil in production licence 128. The drilling programme for wells 6407/8-6 and 6407/8-6 A relates to the drilling of wildcat wells in production licence 348. Statoil is the operator with an ownership interest of 35 per cent. The other licensees are GDF Suez E&P Norge AS (20 per cent), E.ON E&P Norge AS (17.5 per cent), Core Energy AS (17.5 per cent), Faroe Petroleum Norge AS (7.5 per cent) and VNG Norge AS (2.5 per cent). The area in this licence consists of parts of blocks 6407/8 and 6407/9. The wells will be drilled about four kilometres west of the Hyme field and 16 kilometres northeast of the Njord field. Production licence 348 was awarded on 17 December 2004 (APA 2004 on the Norwegian shelf). These are the seventh and eighth wells to be drilled in the licence. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing drilling activities.