The Norwegian Petroleum Directorate has granted Statoil Petroleum AS, an oil and gas investment firm
a drilling permit. This permit is for wells 6507/8-U2 and 5607/8-9 of section 8 of resource management
regulations. The drilling of well 6507/8-9 will take place from deep sea Bergen drilling facility at location
65°24′ 01.04″ north and 7°26′ 21.71″ east while well 6507/8-U2 will be drilled at site 65°24′ 0.56″ north
and 7°26′ 20.58″ East. This will take place after the conclusion of drilling appraisal of well 31/7-2 S.
The production license was awarded on February 28, 1986 in the 10-B licensing round.


Procedure for the contract

An earlier approval by the Norwegian petroleum safety authority says that a pilot well is to be drilled
first down to 800M by the oil and gas investment firm to investigate any existence of shallow gas in the
area. The water depth at the site is therefore 358 meters. Statoil is an operator with an ownership
interest of 35%.

The drilling is estimated to last for 18 days, and Deepsea Bergen will drill the well. Deepsea Bergen is a
semi- submersible drilling facility. The facility is owned and operated by Odfjell Drilling. It is registered in
Norway. Acknowledgment of compliance was issued to Deepsea Bergen by the PSA in December 2001.

On May 31st, 2017, Odfjell Drilling signed a letter of award with Statoil to secure the Deepsea Bergen for
the drilling activities that will take place between 2018 and 2019. The current Deepsea Bergen and
Statoil contract has been temporarily suspended. The schedule has been re- arranged so that to enable
earlier commencement of the good contract with Faroe. The rig will then re-start the Statoil contract
after completing the Faroe well.

The drilling permit for PL wells given to Statoil will also involve deep-sea Bergen. The two oil and gas
investment firms will work together


About Statoil

Statoil is an energy company based in Norway. It has operations in more than 30 countries. This
company has explored and produced gas and oil on the Norwegian continental shelf. It is a leading
operator in the shelf. The company has built global business and strongholds in Europe from the early
90s. The company currently delivers wind power to 65,000 British households as it has
developed a portfolio of new energy solutions. Statoil creates value through efficient and safe
operations, innovations and advanced technology.

Competitiveness of the company is founded on its value based performance culture and through its
commitment to cooperation, transparency and operational improvement.


Well drilling

Permits are issued by the state when a company determines that a particular locality has enough
resources to be. There are two phases involved in exploration, and these phases are directional drilling
and well stimulation. Directional drilling involves controlling the deviation and the direction of the
wellbore to a predetermined underground location.

Well, stimulation involves well interventions that are performed on a gas or oil well to increase
production. It includes improving the flow of hydrocarbons from the drainage area into a wellbore.