Maersk Oil Drills a Duster in PL 513, Offshore Norway

Maersk Oil Drills a Duster in PL 513, Offshore Norway

Maersk Oil has finished drilling the 6506/6-2 exploration well on the Albert prospect in Norway. The well, drilled in Production License 513 in the Norwegian Sea, encountered no sign of hydrocarbons.

The purpose of the well was to prove hydrocarbons in the Lower Cretaceous Lysing Fm. The well encountered sandstone with reservoir quality as expected, however without signs of hydrocarbons. It was drilled to a total vertical depth of 3325 m below sea level and is currently being plugged and abandoned.

“We will now analyse the data from the well and review our exploration strategy for the Norwegian Sea in light of the results,” said Morten Jeppesen, Managing Director of Maersk Oil in Norway.

The well is the first to be drilled in the PL513 license, which was awarded in the APA Licensing Round in 2008. The well was drilled from the Transocean Barents semi-submersible drilling rig.

Maersk Oil is operator of Production License 513 with 50% interest. Dana Petroleum is partner with 50% interest. During the drilling operation Maersk Oil signed an agreement with another company that will reduce Maersk Oil’s license equity to 35%. The transaction is pending Ministry approval.

February 13, 2013