11.08.2015 08:53:16 CET

North Energy ASA - PL 510 Tvillingen South well spudded

Tromsø, 11 August 2015

Exploration drilling has begun today on the Tvillingen South prospect in production licence 510 in the Norwegian Sea.

The prospect is located on the Haltenbanken in the Norwegian Sea, approximately 28 km southeast of the Kristin field. The well, 6406/6-4-S, will be drilled with Leiv Eiriksson.

Partners in the licence are Maersk Oil Norway AS (operator with 50 per cent), Edison Norge AS (30 per cent) and North Energy (20 per cent).

Further information from:

Knut Sæberg, CFO and acting CEO
Mob: +47 918 00 720 | E-mail: knut.saeberg@northenergy.no

Kristin Ingebrigtsen, vice president organisation and communication
Mob: +47 926 05 601 E-mail: kristin.ingebrigtsen@northenergy.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.