Petrolia NOCO AS announced that drilling has commenced on the Bounty Exploration Well 6306/3-2. The licence was acquired by Petrolia Noco in 2020 and is located on the Frøya High. The Bounty well is identified as a potential high reward well at a shallow target depth by the license. The Bounty well is being drilled by Transocean Norge, a 6th generation HE semi-submersible rig, owned and operated by Transocean.

The well is located in the Norwegian Sea 60 kilometres southwest of the Njord field at a water depth of 214 metres. The reservoir is at a depth of 1,650 to 1,700 metres.