Norse Energy Granted NEC - Enviromental License For Drilling Gengibre Prospect Offshore Brazil

Wednesday, August 15, 2007

Norse Energy Corp, in partnership with Petrobras (Operator) and Queiroz Galvão, announces the granting of the IBAMA environmental license to drill the GENGIBRE prospect in the BCAM-40 block, Camamu-Almada basin, offshore Brazil.

The GENGIBRE well will be drilled about 4.0 km northeast of Manati well #3 of the Manati field, in approximately 52 meters of water depth. The jackup rig planned to be used is currently at the Manati well #6 location.

The main target of the well is gas within the same Sergi sandstone reservoirs that produces from the Manati Field.

Total drilling depth is forecasted at around 3,500 meters.

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