Equinor has been granted a drilling permit for well 36/1-3 in production license 885

STAVANGER -- The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 36/1-3, cf. Section 15 of the Resource Management Regulations.

Well 36/1-3 will be drilled from the Transocean Spitsbergen drilling facility in position 61°48'14.14"N and 4°6'53.41"E.

The drilling program for well 36/1-3 relates to the drilling of wildcat wells in production license 885. Equinor Energy AS is the operator with an ownership interest of 20%. The other licensees are Capricorn Norge AS (30%), Wellesley Petroleum AS (30%) and Petoro AS (20%). The area in this license consists of the south-eastern parts of block 35/3 and block 36/1. The well will be drilled about 40 kM east of the Peon discovery.

Production license 885 was awarded on February 10, 2017 (APA 2016 on the Norwegian Shelf). This is the first well to be drilled in the license.

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