Rig: Transocean Arctic

Name Transocean Arctic
Owner Transocean Offshore International Ventures Limited
Manager Transocean Offshore Deepwater Drilling Inc.
Rig Type Semisub
Sub Type Midwater Floater
Jackup Type --
Max Water Depth (ft) 1640
Max Drill Depth (ft) 25000
Dimensions (ft) 220 x 220 x 121
Leg Length (ft) --
Competitive Yes

Current Location

Country Norway
Region NWECS

Drilling Equipment

Drawworks Type National Oilwell Varco ADS 30Q
Drawworks HP --
Mud Pumps Type Continental Emsco FB-1600 Triplex
Top Drive Aker Maritime Hydraulics DDM-650
Hookload Capacity (lbs) 1300000

Rig Construction Details

Rig Design Marotec AS Marosso
Rig Model 56
Year Built 1986
Country of Build Japan
Yard Name Hiroshima Shipyard & Engine Works
Group Yard Name Mitsubishi Heavy Industries Ltd.

Rig Contract Details

Operating Status Operational
Operator DEA

Rig Images

News

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.

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.

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.

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.

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.

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.

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.

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.

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.

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%).

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.

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.

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.

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.

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.

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.

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%).

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.

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.

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.

10 Nov 2015

Dry well near the Njord field in the Norwegian Sea – 6406/12-5 S

VNG Norge AS, operator of production licence 586, is in the process of completing the drilling of wildcat well 6406/12-5 S. The well has been drilled about 33 kilometres southwest of the Njord field and about five kilometres southeast of the 6406/12-3 S (Pil) discovery in the Norwegian Sea. The purpose of the well was to prove petroleum in reservoir rocks from the Upper Jurassic (the Rogn and Melke formations). The well encountered about 12 metres of sandstone in the Rogn formation with moderate reservoir quality. The well also encountered 31 metres of sandstone in intra Spekk formation and 182 meters of sandstone in the Melke formation, both with moderate reservoir quality. The reservoir only has traces of oil. The well is classified as dry. Data acquisition and sampling have been carried out. This is the sixth exploration well in production licence 586. The licence was awarded in APA 2010. Well 6406/12-5 S was drilled to a vertical depth of 3710 metres and a measured depth of 4297 metres below the sea surface and was terminated in the Melke formation in the Upper Jurassic. The water depth at the site is 336 metres. The well will now be permanently plugged and abandoned. Well 6406/12-5 S was drilled by the Transocean Arctic drilling facility, which now will drill wildcat well 7130/4-1 in production licence 708 in the Barents Sea, where Lundin Norway AS is the operator.

3 Nov 2015

Blink well results

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the results of the Blink exploration well in the Norwegian Sea (Faroe 25%). The objective of well 6406/12-5 S was to test the hydrocarbon potential of the Upper Jurassic reservoirs analogous to the Pil, Bue, Boomerang and Draugen field reservoirs. The well encountered a 557 metre gross section of Upper Jurassic sandstone following a technical sidetrack (6406/12-5 S T2). The well reached a total vertical depth of 3,710 metres below sea level and preliminary analysis from wireline logs, pressure and fluid sampling shows that the well encountered clean water-wet sandstones with good reservoir properties but with no indications of hydrocarbons. The 6406/12-5 S (Blink) well was drilled on the Halten Terrace, approximately 27 kilometres south west of the Njord field and five kilometres north east of the Pil discovery well. Well 6406/12-5 S followed on directly from the Boomerang exploration well which encountered a 26 metre gross Upper Jurassic intra-Spekk/Rogn sandstone containing estimated recoverable resources of between 13 and 31 million barrels of oil equivalent. Graham Stewart, Chief Executive of Faroe Petroleum commented: “Whilst the results of the Blink well, the last in this year’s campaign, are disappointing we look forward to advancing the options for monetising the significant combined Pil, Bue and Boomerang discoveries, on which the Blink well result has no bearing. “The Company continues to perform very well despite continuing low oil prices, with low operating costs, a good cash position and strong production rates. Faroe’s consistent strategic focus and prudent approach to financial management have ensured that we have a strong balance sheet and are well placed to progress our portfolio work programme and take advantage of further good quality emerging opportunities.”

8 Oct 2015

Lundin receives consent for exploration drilling in the Barents Sea

Lundin Norway AS (Lundin) is the operator for production licence 708 and has received consent to drill exploration well 7130/4-1 in the Barents Sea. Drilling is scheduled to begin in November 2015 and estimated to last 56 days, depending on whether a discovery is made. Drilling is to be carried out using Transocean Arctic, a semi-submersible drilling facility owned and operated by Transocean. It was built by Mitsubishi Heavy Industries in Japan in 1987, and substantially upgraded in 2004. It was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2004. The PSA has now granted Lundin consent for exploration drilling.

23 Sep 2015

Blink exploration well commences drilling in the Norwegian Sea

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 second Pil/Bue follow-up well with the spudding of exploration well 6406/12-5 S (Faroe 25%) on the Blink prospect. The Blink prospect is located in the Norwegian Sea in Licence PL586, which also contains the significant Pil and Bue discoveries (announced in 2014). The licence is located in proximity to the producing Njord field (Faroe 7.5%). The drilling programme will target the Upper Jurassic reservoirs analogous to the Pil, Bue and Draugen field reservoirs. This well follows on directly from the Boomerang well which encountered a 26 metre gross Upper Jurassic intra-Spekk/Rogn sandstone containing estimated recoverable resources of between 13 and 31 million barrels of oil equivalent. The Blink exploration well, located in water depth of approximately 360 metres, is operated by VNG Norge AS (30%) using the Transocean Arctic semi-submersible drilling rig with partners Spike Exploration AS (30%) and Pure E&P Norway AS (15%) and the results will be announced when drilling operations are complete.

17 Sep 2015

VNG makes minor oil discovery in PL 586

VNG Norge AS, operator of production licence 586, is in the process of completing the drilling of wildcat wells 6406/12-4 S and 6406/12-4 A. Well 6406/12-4 S was drilled approx. 33 kilometres southwest of the Njord field in the southern part of the Norwegian Sea and approx. 1.7 kilometres southeast of discovery well 6406/12-3 S (Pil). The primary exploration target of well 6406/12-4 S was to prove petroleum in Upper Jurassic sandstones in a southwestern segment, which is adjacent to the 6406/12-3 S discovery (Pil). The well encountered an approx. 590 metre thick unit of Upper Jurassic rocks, 20 metres of which of are sandstone (the Rogn formation) with good reservoir quality. Preliminary estimates of the size of the discovery range between two and five million standard cubic metres (Sm3) of recoverable oil equivalents. The licensees will consider the discovery in conjunction with other nearby discoveries as regards a possible future development. The secondary exploration target was to prove petroleum in Upper Jurassic rocks (sandstone in the Intra Melke formation), the extent, thickness and properties of the reservoir rocks, as well as depth to hydrocarbon contacts. The well encountered 368 metres of sandstone in the Intra Melke formation of varying quality and with traces of oil. The objective of well 6406/12-4 A was to prove petroleum in Upper Jurassic reservoir rocks (sandstone in the Intra Spekk and Intra Melke formations) in a southern segment adjacent to the 6406/12-3 S discovery (Pil). Well 6406/12-4 A encountered about 20 metres of Intra Spekk sandstone and 515 metres of reservoir rocks in the Intra Melke formation, both with poor reservoir properties. The reservoir contains only traces of hydrocarbons. The well was classified as dry. Extensive data acquisition and sampling have been carried out. These are the fourth and fifth wells to be drilled in production licence 586, which was awarded in APA 2010. 6406/12-4 S was drilled to measured and vertical depths of 4318 and 3832 metres below sea level respectively, and was terminated in the Melke formation in the Upper Jurassic. 6406/12-4 A was drilled to measured and vertical depths of 4058 and 3799 metres below sea level respectively, and was terminated in the Melke formation in the Jurassic. Water depth at the site is 319 metres. The wells will now be permanently plugged and abandoned. Wells 6406/12-4 S and A were drilled by the drilling facility Transocean Arctic which now will drill 6406/12-5 S in a northern segment adjacent to the discovery 6406/12-3 S (Pil).

17 Aug 2015

VNG lines up spudding of new exploration well at PL586

The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to VNG Norge AS for well 6406/12-4 A, cf. Section 8 of the Resource Management Regulations. Well 6406/12-4 A will be drilled from the Transocean Arctic drilling facility in position 64°1’7.48” north and 6°46’31.29” east after drilling wildcat well 6406/12-4 S in production licence 586. The drilling programme for well 6406/12-4 A relates to the 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 permit consists of part of block 6406/11 and part of block 6406/12. The well will be drilled about 33 km south-west of the Njord field. Production licence 586 was awarded on 4 February 2011 (APA 2010). This is the fifth exploration 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.

23 Jun 2015

VNG Norge AS spuds Boomerang prospect

VNG Norge has now started the operation of the first of two new explorations wells in PL586, the licence where the Pil & Bue discoveries were made in 2014. VNG Norge took over the rig Transocean Arctic late on Friday 19th June after the rig had completed the drilling operation at Crossbill prospect for the operator Wintershall. After having sailed 190 nautical miles from Crossbill in the North Sea, Transocean Arctic arrived on location in the Norwegian Sea Sunday 21st June. The rig was towed and escorted by the anchor handlers Boa Bison and Havila Mars, which together with Siem Opal, finished the anchor operations.The main well 6406/12-4 S, was spudded today Monday 22nd June at 11:45 p.m. After the main well, a sidetrack - 6406/12-4, is to be drilled. Expected duration of the drilling operation is between 85 and 135 days. The wells will be permanently plugged and abandoned before Transocean Artic is moved to a new location within the same licence for drilling a second exploration well in PL586.

18 Jun 2015

Wintershall drills duster in Norway

Wintershall Norge AS, operator of production licence 378, is in the process of completing the drilling of wildcat well 35/12-5 S. The well was drilled about 15 km southwest of the Gjøa field in the North Sea and 80 kilometres southwest of Florø. The purpose of the well was to prove petroleum in reservoir rocks from the Upper Jurassic (the Heather, Sognefjord and Fensfjord formations). Well 35/12-5 S encountered about 10 metres of sandstone in the Heather formation, 35 metres of sandstone in the Sognefjord formation and 32 metres of sandstone in the Fensfjord formation, all with good reservoir quality. It also encountered 9 metres of sandstone with poor reservoir quality in the Etive formation. The well is dry. Data acquisition and sampling have been carried out. This is the fifth exploration well in production licence 378. The licence was awarded in APA 2005. Well 35/12-5 S was drilled to a vertical depth of 3369 metres and a measured depth of 3570 metres below the sea surface and was terminated in the Oseberg formation in the Middle Jurassic. Water depth at the site is 353 metres. The well will now be permanently plugged and abandoned. Well 35/12-5 S was drilled by the Transocean Arctic drilling facility, which is now scheduled to drill wildcat well 6406/12-4 S in production licence 586 in the Norwegian Sea, operated by VNG Norge AS.

17 Jun 2015

VNG Norge AS set to spud another exploration well on PL586

The Norwegian Petroleum Directorate (NPD) has granted VNG Norge AS a drilling permit for well 6406/12-4 S, cf. Section 8 of the Resource Management Regulations. Well 6406/12-4 S will be drilled from the Transocean Arctic drilling facility in position 64°1'7.47'' north and 6°46'31.28'' east after completing wildcat well 35/12-5 in production licence 378 for Wintershall Norge AS. The drilling programme for well 6406/12-4 S relates to the 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 about 33 kilometres southwest of the Njord field. Production licence 586 was awarded on 4 February 2011 (APA 2010). This is the fourth 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 before the drilling starts.

8 May 2015

PSA approves VNG exploration plan for PL 586

VNG Norge (“VNG”) has received consent to drill two exploration wells 6406/12-4 S and 6406/12-4 A in the Norwegian Sea. VNG is the operator for production licence 586 in block 6406/12 in the Norwegian Sea. The field is around 83 kilometres from the Norwegian coast at Frøya and 61.4 kilometres south-west of Draugen. Water depth at the site is 319 metres. Drilling is scheduled to begin in June 2015 and estimated to last 52 days. In the event of a discovery, the activity may last a further 84 days for well testing. Drilling is to be carried out using Transocean Arctic, a semi-submersible drilling facility owned and operated by Transocean. It was built by Mitsubishi Heavy Industries in Japan in 1987, and substantially upgraded in 2004. It was issued with an Acknowledgement of Compliance (AoC) by the PSA in July 2004.

29 Apr 2015

PSA approves 'Transocean Arctic' to drill Wintershall exploration well 35/12-5

Wintershall has received consent to drill exploration well 35/12-5 in the northern part of the North Sea. Wintershall is the operator for production licence 378 in block 35/12 in the northern North Sea. Exploration well 35/12-5 is to be drilled in a prospect called Crossbill. The drilling site is around 10 km south-east of the Skarfjell well 35/9-7 and 12 km SSW of the Gjøa platform. Water depth at the site is 353 metres. Drilling is scheduled to begin in May 2015 and estimated to last 57 days. A possible sidetrack will take a further 113 days.

28 Apr 2015

Wintershall makes small oil discovery in Norway

Wintershall Norge AS, operator of production licence 589, is about to complete drilling of wildcat well 6406/2-8. The well proved oil. The well was drilled about 20 kilometres south of the Kristin field in the Norwegian Sea and 190 kilometres northwest of Kristiansund. The objective of the well was to prove petroleum in Lower to Middle Jurassic reservoir rocks (Båt and Fangst groups). The well encountered two oil columns over an approx. 130-metre interval in the Båt and Fangst groups in sandstone of generally poor reservoir quality. Preliminary estimation of the size of the discovery is between one and eight million standard cubic metres (Sm3) of recoverable oil equivalents. The licensees will assess the discovery with regard to further follow-up. The well was not formation tested, but extensive data acquisition and sampling have taken place. This is the first exploration well in production licence 589, which was awarded in APA 2010. The well was drilled to a vertical depth of 4655 metres below the sea surface, and was terminated in red sandstone layers in the Middle to Upper Triassic (“Red beds”). Water depth is 262 metres. The well will now be permanently plugged and abandoned. Well 6406/2-8 was drilled by the Transocean Arctic drilling facility, which will now drill wildcat well 35/12-5 S in production licence 378 in the North Sea, where Wintershall Norge AS is the operator.

28 Apr 2015

Wintershall set to spud wildcat well in PL 378

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for well 35/12-5 S, cf. Section 8 of the Resource Management Regulations. Well 35/12-5 S will be drilled from the Trancocean Arctic drilling facility at position 61°13`01.65" north and 03°49`39.29" east, after completing the drilling of wildcat well 6406/2-8 for Wintershall Norge AS in production licence 589. The drilling programme for well 35/12-5 S relates to the drilling of a wildcat well in production licence 378. Wintershall Norge AS is the operator with an ownership interest of 45 per cent. The other licensees are Capricorn Norge AS (20 per cent), Explora Petroleum AS (17.5 per cent) and Talisman Energy Norge AS (17.5 per cent). The area in this licence is composed of parts of block 35/12. The well will be drilled about 80 kilometres southwest of Florø. Production licence 378 was awarded on 6 January 2006 (APA 2005). This is the fifth 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.

19 Dec 2014

Wintershall gets nod to drill Imsa prospect

The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for wellbore 6406/2-8, cf. Section 8 of the Resource Management Regulations. Wellbore 6406/2-8 will be drilled from the Transocean Arctic drilling facility at position 64°45`13.95" north and 6°30´9.18" east after completing the drilling of wildcat well 33/2-1 for Lundin Norway AS in production licence 555. The drilling programme for wellbore 6406/2-8 relates to drilling of a wildcat well in production licence 589. Wintershall Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are RWE Dea Norge AS (30 per cent) and Repsol Exploration Norge AS (30 per cent). The area in this licence consists of parts of blocks 6406/2 and 6406/5. The well will be drilled about 20 kilometres south of the Kristin field. Production licence 589 was awarded on 4 February 2011 (APA 2010). 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.

1 Dec 2014

'Transocean Arctic' set to drill Imsa prospect for Wintershall

Wintershall Norge AS (Wintershall) is the operator for production licence 589 in block 6406/2 in the Norwegian Sea. Exploration well 6406/2-8 is to be drilled in a prospect called Imsa. The site is 15 km south of the Kristin field and around 190 km NNW of Kristiansund. Water depth at the site is approx. 262 metres. Drilling is scheduled to begin at the earliest in December 2014 and estimated to last 106 days. In the event of a discovery, the activity may last a further 61 days for well testing.

9 Oct 2014

Lundin spuds Storm prospect in Norway

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is pleased to announce that drilling of exploration well 33/2-1 in PL555 has commenced. The well will investigate the hydrocarbon potential of the Storm Prospect in PL555, which is located 200 km west northwest of Florø on the Norwegian west coast and approximately 65 km northwest of the Snorre Field. The main objective of well 33/2-1 is to test the reservoir properties and hydrocarbon potential of the Upper Jurassic Sandstones equivalent to the reservoir in the Magnus field on the UKCS approximately 35km to the south. Lundin Petroleum estimates the Storm prospect to have the potential to contain unrisked, gross prospective resources of 89 million barrels of oil equivalent (MMboe). The planned total depth of 4,500 metres below mean sea level and the well will be drilled using the semisubmersible drilling unit ‘Transocean Arctic’. Drilling is expected to take approximately 80 days.

11 Jul 2014

VNG completes appraisal and exploration drilling on Pil and Bue prospects

VNG Norge AS, operator of production licence 586, is about to complete drilling of appraisal well 6406/12-3 B on the 6406/12-3 S (“Pil”) oil and gas discovery, as well as the 6406/12-3 A wildcat well on the “Bue” prospect. The discovery was proven in Upper Jurassic reservoir rocks in the spring of 2014. The 6406/12-3 B appraisal well and 6406/12-3 A wildcat well were drilled 1.7 and 2.1 kilometres, respectively, northwest of the discovery well 6406/12-3 S. Before 6406/12-3 B was drilled, the operator’s resource figures for the discovery were between 6 and 21 million standard cubic metres (Sm³) of recoverable oil and between 2 and 6 billion Sm3 of recoverable gas. The objective of 6406/12-3 B was to delineate the discovery in “Pil” to the northeast with regard to spread, thickness and reservoir properties of Upper Jurassic reservoir rocks (Melke and Rogn formations), as well as to determine the oil/water contact. The well encountered an 82-metre oil column in sandstone in the Melke formation with good reservoir quality. The oil/water contact was encountered somewhat deeper than expected. The resource estimate for the oil and gas discovery in 6406/12-3 S (“Pil”) has now been adjusted to between 8.8 and 21.1 million Sm³ of recoverable oil and condensate, as well as between 2.7 and 6.1 billion Sm3 of recoverable gas. The objective of 6406/12-3 A was to examine the spread, thickness and reservoir properties of Upper Jurassic reservoir rocks (Rogn formation) in the “Bue” prospect, as well as to determine the pressure and petroleum/water contact. The well encountered an 18-metre oil column in sandstones from the Rogn formation, with reservoir quality varying from good to very good. Pressure data indicates no communication between the discoveries in “Pil” and “Bue” and the well has therefore proven a separate discovery in “Bue”. Preliminary calculation of the size of the discovery in “Bue” is between 1 and 4 million Sm3 of recoverable oil and condensate. Extensive data acquisition and sampling have been carried out, including fluid samples. These are the second and third exploration wells in production licence 586. The licence was awarded on 4 February 2011 (APA 2010). Wells 6406/12-3 B and A were drilled to vertical depths of 3967 and 3656.5 metres below the sea surface, respectively. Both wells were terminated in the Melke formation in the Upper Jurassic. The water depth is 324 metres. The wells will be permanently plugged and abandoned. Wells 6406/12-3 B and A were drilled by the Transocean Arctic drilling facility, which will now proceed to production licence 555 in the northern part of the North Sea to drill wildcat well 33/2-1, where Lundin Norway AS is the operator.

27 May 2014

Faroe successfully appraises Pil prospect

Faroe Petroleum (Faroe), the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the Atlantic margin and the North Sea, is pleased to announce the completion of a successful initial side-track appraisal well on the Pil oil and gas discovery (Faroe 25%) in the Norwegian Sea. The Pil side-track well (6406/12-3 B) was drilled to appraise for additional hydrocarbons along the Pil structure and down-dip from the initial discovery well, has reached a total depth of 3,996 metres below sea level. Results based on extensive coring, wireline logs and pressure data show that the well has encountered oil in reservoir sands with a very high net to gross ratio. Preliminary data indicate a gross hydrocarbon-bearing reservoir section with approximately 80 metres of oil in the Upper Jurassic reservoir of the Rogn Formation. The oil-bearing interval in the side-track well was found to be at a similar pressure level to the oil bearing interval in the initial discovery well. As announced on 6th March 2014, the Pil discovery well (6406/12-3S) encountered a gross hydrocarbon-bearing reservoir section with approximately 135 metres of oil and 91 metres of gas in the Upper Jurassic reservoir of the of the Rogn Formation. A subsequent drill stem test generated a stable flow rate of 6,710 bopd of 37° API oil from a 56/64” choke, providing clear evidence of a prolific reservoir. A second side-track well is planned to commence in the coming days to test the separate Bue prospect, which has the potential to add further volumes to the Pil discovery. The Pil discovery is located within tie-back distance some 33 kilometres to the south east of the Njord platform in which the Company holds a 7.5% working interest. The vertical depth of the well is currently at 3,605 metres. The Pil licence drilling operations are operated by VNG Norge AS (30%) using the ‘Transocean Arctic’ drilling rig, with partners Spike Exploration Holdings AS (30%) and Rocksource Exploration Norway AS (15%).

29 Apr 2014

VNG using 'Transocean Arctic' for Pil sidetrack

The Norwegian Petroleum Directorate has granted VNG Norge AS a drilling permit for well 6406/12-3 B and A, cf. Section 8 of the Resource Management Regulations. Well 6406/12-3 B & A will be drilled from the Transocean Arctic drilling facility at position 64°01'52.37" north and 6°45'17.46" east after completing drilling of wildcat well 6406/12-3 B and appraisal well 6406/12-3 A for VNG Norge AS in the same production licence. The drilling programme for well 6406/12-3 B relates to drilling of an appraisal well and the drilling programme for well 6406/12-3 A relates to drilling of a wildcat well, both 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 about 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). These are the second and third 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.

28 Apr 2014

'Transocean Arctic' begins sidetrack drilling at Pil prospect

Rocksource ASA (Rocksource) is pleased to announce that drilling of the Pil sidetrack well, 6406/12-3 B, in PL 586 has commenced. As announced on 10th April 2014, the preliminary estimate by the Operator VNG Norge AS (VNG) for the size of the Pil discovery is between 8 and 27 million Sm3 recoverable oil equivalent (50 to 170 million barrels oil equivalent). The discovery well (6406/12-3 S) has been plugged back to the 20 inch casing shoe from where the sidetrack starts. The sidetrack is targeted down-dip of the discovery well and its main objectives are to prove the lateral extent of the Pil reservoir, narrow the volume range and test the upside within the closure. The sidetrack will be drilled using the drilling rig ‘Transocean Arctic’. Drilling is expected to take approximately 30 days. Rocksource Exploration Norway holds a 15% interest in PL 586. Partners are VNG (Operator) with 30%, Spike Exploration 30% and Faroe Petroleum 25%.

25 Apr 2014

'Transocean Arctic' granted approval to drill Storm prospect in PL555

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for wellbore 33/2-1, cf. Section 8 of the Resource Management Regulations. Wellbore 33/2-1 will be drilled from the Transocean Artic drilling facility at position 61°59’30.76” north and 1°32’42.52” east, after completing drilling of wildcat well 6406/12-3 for VNG Norge in production licence 586. The drilling programme for wellbore 33/2-1 relates to drilling of the first well in production licence 555. Lundin Norway AS is the operator with an ownership interest of 60 per cent. The other licensee is Bayerngas Norge AS (40 per cent). The area in this licence consists of block 33/2. The well will be drilled about 200 kilometres west of Måløy. Production licence 555 was awarded on 19 February 2010 (APA 2009). 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.

10 Apr 2014

VNG makes oil and gas discovery whilst drilling in PL586

VNG Norge AS, operator of production licence 586, is in the process of completing the drilling of wildcat well 6406/12-3 S. The well has been drilled about 35 kilometres southwest of the Njord field in the Norwegian Sea. The well's primary exploration target was to prove petroleum in Upper Jurassic reservoir rocks (the Rogn and Melke formations). A 226-metre net hydrocarbon column was encountered, 135 meters of which are oil in Middle Jurassic reservoir rocks with good reservoir quality. The lower part of the Melke formation is aquiferous, with poorer reservoir properties as in the upper part. Comprehensive data acquisition and sampling have been carried out. A successful formation test was carried out in the oil zone. The maximum production rate was 1067 Sm3 of oil per flow day through a 56/64-inch nozzle. The test proved good flow properties and the gas/oil rate is 152 Sm3/Sm3. The preliminary estimation of the discovery size is between 6 and 21 million Sm3 of recoverable oil and condensate and between 2 and 6 billion Sm3 of recoverable gas. The well is the first exploration well in production licence 586. The licence was awarded in APA 2010. The well was drilled to a vertical depth of 3738 metres below sea level and terminated in the Melke formation in the Middle Jurassic. Water depth at the site is 324 metres. The well will now be permanently plugged and abandoned. Well 6406/12-3 S was drilled by Transocean Arctic, which is now moving on to drill appraisal well 6406/12-3 B on the discovery to reduce uncertainty in the resource estimate.

6 Mar 2014

VNG Norge AS successful with exploration drilling on the Pil prospect in Norway

VNG Norge AS’s (VNG) partner in PL 586; Rocksource ASA (Rocksource) has announced an oil and gas discovery at the Pil prospect in the Norwegian Sea. The Pil prospect well (6406/12-3 S) was drilled by the ‘Transocean Arctic’ rig and the preliminary volumetric estimates indicate recoverable resources above the estimated pre-drill range of 20-50 million barrels of oil equivalent. The 6406/12-3 S well encountered a 226 metre hydrocarbon column, 92 metres of gas and 134 metres of oil in the Rogn formation. Extensive coring and data acquisition has been performed in the reservoir section. Preliminary data indicates good reservoir properties. The well will now be drilled to the planned TD. The partnership has decided to conduct a production test, and a potential side track into the adjacent Bue prospect is under evaluation. Rocksource will provide further information to the market as operations proceed. The PL 586 licence is operated by VNG. Pil is located within tieback distance (33 km) to the producing Njord field. Rocksource, through Rocksource Exploration Norway, holds a 15 percent interest in PL 586. Partners are VNG Norge (Operator) with 30 percent, Spike Exploration 30 percent and Faroe Petroleum 25 percent.

15 Jan 2014

'Transocean Arctic' completes Skarfjell appraisal well

Wintershall Norge AS, operator of production licence 418, is about to complete drilling of appraisal wells 35/9-10 S and A on the 35/9-7 oil discovery (Skarfjell). The appraisal wells are being drilled in the North Sea, about 40 kilometres north of the Troll field and two kilometres southeast of the discovery well. The discovery was proven in the spring of 2012 in two Late Jurassic sandstone layers in the Heather formation. Appraisal well 35/9-10 S was drilled in the southeastern part of the "Skarfjell structure" and sidetrack 35/9-10 A near the top of the structure in the southwestern part. Before well 35/9-10 S was drilled, the resource estimate for the discovery was between 10 and 25 million standard cubic metres (Sm3) of recoverable oil. The objective of the two wells was to examine thickness, properties, fluid content and depth to the Upper Jurassic reservoir to define the extent of the discovery to the south, and clarify whether the discovery has a gas cap. Well 35/9-10 S encountered a 13-metre (gross) gas column and an oil column of 49 metres (gross) in three thin sandstones in the upper “Intra Heather” with reservoir quality as expected. Pressure data shows that this area has a lower reservoir pressure and is not in direct communication with the western and northern part of the discovery. Well 35/9-10 A encountered a 59-metre (gross) gas column in the upper "Intra Heather" sandstone with better than expected reservoir quality. Pressure data indicates that the proven gas cap is in communication with the oil zone proven in 35/9-7 and in appraisal well 35/9-8 in the northern part of the discovery. The lower "Intra Heather" sandstone is only four metres thick, contains oil and has poorer reservoir quality than expected. Preliminary calculations place the size of the discovery between 10 and 23 million Sm3 of recoverable oil and condensate, and between 8 and 15 billion Sm3 of recoverable gas. The wells were not formation-tested, but extensive data acquisition and sampling have been carried out. The licensees will assess the discovery together with other nearby discoveries for possible development solutions. This is the third exploration well in production licence 418 (link to fact page). The licence was awarded in APA 2006. Appraisal well 35/9-10 S was drilled to a vertical and measured depth of 2837 and 3595 metres below the sea surface, respectively. Appraisal well 35/9-10 A was drilled to a vertical and measured depth of 2835 and 3179 metres below the sea surface, respectively. Both wells were terminated in the Rannoch formation in the Middle Jurassic. Water depth is 365 metres. The wells will be plugged and abandoned. The wells were drilled by Transocean Arctic, which will proceed to production licence 586 in the Norwegian Sea to drill wildcat well 6406/12-3 S where VNG Norge AS is the 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.

2 Oct 2013

'Transocean Arctic' finds oil whilst drilling 7120/1-3 wildcat well for Lundin Norway AS

Lundin Norway AS, operator of production licence 492, has completed drilling of wildcat well 7120/1-3. The well was drilled about 35 kilometres northwest of the Snøhvit field. The primary exploration target for the well was to prove petroleum in Middle and Early Triassic sandstone rocks (Snadd formation) and in Permian limestone (Røye formation). The secondary exploration target was to prove petroleum in Middle Triassic reservoir rocks (Kobbe formation). In the primary exploration target, the well encountered a gross oil column of about 75 metres and a gross gas column of about 25 metres in limestone rocks in the Røye formation. The reservoir quality was better than expected. The reservoir rocks encountered in the Snadd formation are of expected reservoir quality, but the formation was aquiferous. Preliminary calculations of the size of the discovery are between 10 and 23 million standard cubic metres (Sm3) of recoverable oil and between 8 and 15 billion standard cubic metres of recoverable gas. The results confirm for the first time recoverable oil and gas in a Permian play in the Norwegian part of the Barents Sea. Further delineation of the discovery is planned. A successful formation test has been carried out in the Røye formation. The maximum production rate was 683 Sm3 oil and 222300 Sm3 associated gas per flow day through a 44/64 inch nozzle opening. The gas/oil ratio is 190 Sm3/Sm3. This is the first successful test in Permian limestone rocks on the Norwegian shelf. The well is the first exploration well in production licence 492. The licence was awarded in APA 2007. The well was drilled to a vertical depth of 2515 metres below the sea surface, and was terminated in the Røye formation in Permian. Water depth is 342 metres. The well will now be permanently plugged and abandoned. Well 7120/1-3 was drilled by the Transocean Arctic drilling facility which will now proceed to production licence 418 in the North Sea to drill appraisal well 35/9-10 S where Wintershall Norge AS is the operator.

22 Aug 2013

Wintershall to drill wildcat well on PL 418 using 'Transocean Arctic'

The Norwegian Petroleum Directorate has granted Wintershall a drilling permit for well 35/9-10 S, cf. Section 8 of the Resource Management Regulations. Well 35/9-10 S will be drilled from the Transocean Arctic drilling facility at position 61°15’07.02” north and 3°41’04.10” east for Wintershall Norge AS in production licence 418. The drilling programme for well 35/9-10 S relates to drilling of a wildcat well in production licence 418 where Wintershall is the operator with an ownership interest of 35 per cent. The other licensees are Capricorn (20 per cent), Bayerngas (20 per cent), Edison (15 per cent) and RWE Dea (10 per cent). The area in this licence consists of part of block 35/8 and part of block 35/9. The well will be drilled about 16 kilometres southwest of Gjøa and 16 kilometres east of Vega. Production licence 418 was awarded on 16 February 2007 (APA 2006). This is the third 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.

24 Jun 2013

Lundin Norway gains approval to drill 7120/1-3 wildcat well using 'Transocean Arctic' semisub

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7120/1-3, cf. Section 8 of the Resource Management Regulations. Well 7120/1-3 will be drilled from the Transocean Arctic drilling facility at position 71 54` 10.37" north and 20 16´ 11.59" east. The drilling program for well 7120/1-3 relates to drilling of a wildcat well in production licence 492. Lundin Norway AS is the operator with an ownership interest of 40 per cent. The other licensees are Det norske oljeselskap ASA with 40 per cent and Noreco Norway ASA with 20 per cent. The production licence consists of parts of blocks 7120/1 and 7120/2. The licence was awarded in APA 2007. Wildcat well 7120/1-3 is the first exploration well in production licence 492. The permit is contingent upon the operator securing all other permits and consents required by other authorities before commencing drilling activities.

19 Nov 2012

LUNDIN PETROLEUM COMPLETES THE SNURREVAD-JUKSA EXPLORATION WELL IN THE BARENTS SEA

Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), is in the process of completing the drilling of exploration well 7120/6-3 S in PL490. The well targeted two levels in the Snurrevad-Juksa prospect situated 10 km north west of the Snøhvit field in Barents Sea, offshore northern Norway. The main objective of the well was to prove the presence of hydrocarbons in Lower Cretaceous/Upper Jurassic reservoirs. Preliminary analysis of a cored section of the reservoir indicate thin oil bearing sands in a 8 to 9 metres zone at the top of a 25 metre Lower Cretaceous sand sequence. No reservoir was found to be present in the Snurrevad target. Further geophysical and geological studies are required to clarify the potential in the Juksa target. The semi-submersible drilling rig Transocean Arctic drilled the well to a total depth of approximately 2,993 metres below mean sea level, in a water depth of 330 metres. Lundin Norway is the operator of PL490 with 50 percent interest. Partners are Spring Energy Norway AS with 30 percent interest and Norwegian Energy Company ASA and with 20 percent interest.

18 Aug 2006

Gas proven on Tros

Statoil has completed drilling of an exploration well in the Trost prospect in the Norwegian Sea. Gas was proven and the find is now being evaluated with a view to production tied back to the Norne field. "We hope that the Trost find will be commercial but it is too early to tell," says Tim Dodson, senior vice president for exploration in Statoil’s Exploration & Production Norway business area. The prospect is localised roughly one kilometre west of the Norne field. Exploration well 6608/10-11S was drilled to a total depth of 3,243 metres in early Jurassic rocks. The objective was to prove hydrocarbons in Jurassic sandstones. The well has been permanently plugged and abandoned. Drilling was performed by the Transocean Arctic rig which will continue production drilling on the Norne field. Statoil is operator for production licence 128 with a 50.5% interest. The other licensees are Petoro (24.5%), Eni (11.55%) and Hydro (13.5%).

11 Mar 2004

Drilling on Norne

A letter of intent on chartering the Transocean Arctic rig to work the Norne field and two of its satellites in the Norwegian Sea has been awarded by Statoil to drilling contractor Transocean. Placed on behalf of the partners in production licence 128, the assignment is due to last for about 19 months from 1 July and will be worth NOK 700 million. Transocean Arctic’s first job will be a sidetrack on Norne itself, before moving on to drill seven-eight production and injection wells on the Svale and Stær satellites. These two fields are being developed with subsea installations tied back to the Norne production ship. The contract with Transocean is conditional on approval of the plan for development and operation of the Norne satellites by the licence partners and the Norwegian authorities.

3 Mar 2002

New find in Oseberg Sør area

Norsk Hydro has found oil in exploration well 30/9-20S in the Oseberg area some 130 kilometers west of Bergen, Norway. The discovery may be phased into the Oseberg Sør (South) platform. "We will now evaluate the results and see if it's possible to recover the oil in connection with the development of the J structure in the Oseberg Sør area," says Hydro director of the Oseberg business unit Øystein Michelsen. "We will present further plans next year." The oil was proven in a sandstone layer. Core samples have been taken and thorough logging and testing have been done. The well, drilled by Transocean Arctic at a sea depth of 101 meters and total well depth of 3,072 meters, is now plugged and abandoned.

13 Dec 2001

New oil find in Visund area

Norsk Hydro has found oil in two separate zones while drilling exploration well 34/8-12 S in the Visund South prospect in the Norwegian sector of the North Sea. "We've made two interesting finds of light oil/condensate in rock dating from between the middle and early Jurassic Age," said Hydro project manager Jan Reidar Johnsen. "Because we've found hydrocarbons in two separate zones, we're optimistic about making more discoveries in the area. Meanwhile, additional exploration and delineation drilling is needed to determine whether the area can be commercially produced." Well 34/8-12 S was drilled by the Transocean Arctic rig to 3,160 meters vertical depth and completed in rock from the Triassic Age. Visund South lies in an area between the Visund, Gullfaks and Snorre field. The well was not tested and is now plugged. The shareholders in development and production license 120 are: Norsk Hydro (operator) with 29 percent, TotalFinaElf at 11 percent, Conoco 13 percent, Petoro 16.9 percent and Statoil 30.1 percent.

6 Apr 2001

Drilling west of Kristin

Transocean Arctic has started drilling an exploration well in the Erlend structure five kilometres west of the Kristin field on the Halten Bank. The purpose of the drilling is to prove gas and condensate in the northern part of the Erlend structure. The well is being drilled in production licence 257, which was awarded in the 16th offshore licensing round. The total depth will be around 5000 metres, and the work is estimated to take 76 days. A minor gas find was previously made in the southern part of the structure. Exploration drilling is also taking place in the M-prospect twelve kilometres north of the Kristin field. Plans call for the Scarabeo 5 rig to complete this drilling at the end of April. The licensees are considering developing the Kristin field with a production platform fully equipped with processing facilities for gas and condensate. Such a solution provides maximum flexibility with regard to linking up to other deposits in the area. Sector manager Ørjan Birkeland in Halten/Nordland exploration says that the results from these wells will have an impact on the long-term development of this part of the Halten Bank. Arrangements will be made for any finds to be hooked up to the Kristin platform. The aim is to present the plan for development and operation to the Ministry of Petroleum and Energy in June this year.

7 Mar 2001

Duster in the Barents Sea

Statoil has finished drilling an exploration well on the Delta structure south east of the Snøhvit field in the Barents Sea. The well was dry. The purpose of the drilling was to prove oil in the Jurassic sandstone of the Delta structure in block 7121/5. This would strengthen the possibilities of a profitable development of the petroleum resources in the Snøhvit area. Drilling was carried out by Transocean Arctic to a total depth of 2265 metres below sea level and terminated in rock of the Triassic period. Only traces of oil and gas in the Jurassic and Triassic sandstone layers were proven. “The result was disappointing, and the possibility of developing the petroleum resources in the Snøhvit area has been weakened,” says Erik Henriksen, exploration manager for the Barents Sea. Statoil has collected around 60 metres of core samples and the well has been logged extensively. Statoil is the operator for production licence 110 in block 7121/5, about 120 kilometres north-west of Hammerfest. Production licence 110 is one of seven licences in the coordinated Snøhvit area.

19 Feb 2001

Drilling new well in the Barents Sea

Statoil has commenced drilling a new exploration well in the Delta structure in block 7121/5 south east of the Snøhvit field in the Barents Sea. Transocean Arctic began drilling in the structure, which lies 120 km north west of Hammerfest, on 16 February. This is the same rig that recently found oil and gas for Statoil on production licence 202 in the North Cape basin. Drilling is important to clarify the oil potential in the area around Snøhvit, says Erik Henriksen, who is in charge of exploration in the Barents Sea. The purpose of the drilling is to determine whether there are hydrocarbons in sandstones from the Jurassic period. The plan is to drill to a total depth of 2184 metres, whilst the water depth at the drilling site is 345 metres. The licensees in Snøhvit intend to send a plan for development and operation (PUD) to the Ministry of Petroleum and Energy in summer 2001. An important part of this work is to evaluate alternative solutions for profitable development of the petroleum resources in the Snøhvit area, says Mr Henriksen.

2 Feb 2001

New find in Barents Sea

Statoil has found oil and gas in production licence 202 in the North Cape Basin, roughly 130 kilometres north-east of Norway's North Cape. The exploration well was drilled in a structure close to a salt diapir, a model not previously explored in the Barents Sea. In 288 metres of water, the well was drilled to a total depth of 2,824 metres below sea level. The find was proven in Triassic sandstone. According to Erik Henriksen, sector manager for the Barents Sea area, it is too early to comment on recoverable resources. Drill rig Transocean Arctic has taken about 100 core samples and extensive logging of the well has been carried out. Further tests are continuing and the data collected will be analysed to determine the size of the find. Statoil is assessing whether appraisal wells should be drilled. Operator Statoil has a 25 per cent share in the licence. The other licensees are the state's direct financial interest (SDFI) with 30 per cent, Amerada Hess (25 per cent) and Norsk Hydro (20 per cent).

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