Edison spuds Haribo exploration well

Noreco Norway AS announced that the drilling of the Haribo prospect in Norwegian licence PL616 in the North Sea has started.

Noreco Norway holds a 20% interest in the licence. Edison Norge is operator with 25% interest, Concedo 20%, Lime Petroleum Norway 15%, North Energy has 15% and Skagen 44 5% interest.

The Haribo well (2/11-11) is drilled by the semi-submersible drilling rig Transocean Searcher. The drilling period is expected to take approximately 45 days.

The Haribo prospect is located 10 km south west of the Valhall Field in the Norwegian part of the North Sea. The predicted reservoir is chalk of Upper Cretaceous age in a depth of about 2900 meter.

According to its press release, Noreco Norway estimates the prospect to contain 69 to 192 million barrels of oil gross on licence PL616 with a 42 per cent chance of success.

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