NPD approves Statoil’s wildcat well north of Johan Castberg
- Business & Finance
The Norwegian Petroleum Directorate has granted Statoil Petroleum ASA a drilling permit for well 7220/2-1, in the Barents Sea.
Well 7220/2-1 will be drilled from the Transocean Spitsbergen semi-submersible drilling rig.
The drilling programme for well 7220/2-1 relates to drilling of a wildcat well in production licence 714. Statoil Petroleum AS is the operator with an ownership interest of 50 per cent. The other licensees are ENI Norge AS (30 per cent) and Petoro AS (20 per cent). The area in this licence consists of block 7220/2 and parts of block 7220/3. The well will be drilled about 35 kilometres north of the Johan Castberg field.
Production licence 714 was awarded on 21 June 2013 (22nd licensing round on the Norwegian shelf). This is the first well to be drilled in the licence.
The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to starting drilling activities.