TN PETRÓLEO

Drilling operations on Storebjørn, in production license 450, has commenced. Well 7/12-13 S is the first well in the license, which was awarded in the 2007 APA licensing round (Awards in Predefined Areas). The Storebjørn prospect is located in the southern North Sea, in close proximity to existing infrastructure on the Ula and Gyda fields.

The operation is carried out using the jackup rig Maersk Guardian (350' ILC).

Det norske is the operator of PL 450 with a 60 percent interest. Dana Petroleum and North Energy are partners, with respectively 25 and 15 percent stakes. An agreement between Det norske and North Energy to transfer 15 percent was signed in 2011. The agreement is approved by the Norwegian authorities.