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24 June 2021

Possible new well in PL 882

Operator Neptune, on behalf of Production License 882, has filed an Application of Discharge for well 33/6-6 S in order to test an additional prospect (“Shamu”) in the PL 882.

Well 33/6-6 S will be drilled later this year, subject to a discovery in the Dugong tail well and thus not formally approved in the licence yet.

The Dugong discovery, in Production License 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020.

Dugong is located 158 kilometres west of Florø, Norway, at a water depth of 330 metres, and is close to the existing production facilities of the Snorre field. The reservoir lies at a depth of 3,250 – 3,500 metres.

The Dugong partners are aiming to submit a Plan for Development and Operation by end 2022.

Please also find attached link to impact assessment for development of PL 882.

https://www.neptuneenergy.com/sites/neptuneenergy-corp/files/operations/norway/Dugong%20programforslag_h%C3%B8ring.pdf