Statoil Gets Approval for Barents Sea Exploration Well

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for wellbore 7220/5-2, cf in the Barents Sea.

Well 7220/5-2 will be drilled from the West Hercules drilling facility at position 72° 33′ 40.29″ north and 20° 23′ 54.84″ east.

The drilling program for well 7220/5-2 relates to drilling of a wildcat well in production licence 532. Statoil Petroleum AS is the operator with an ownership interest of 50 per cent. The other licensees are Eni Norge AS with 30 per cent and Petoro AS with 20 per cent.

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The production licence consists of blocks 7219/9, 7220/4, 7220/5, 7220/7 and 7220/8. The production licence was awarded in the 20th licensing round in 2009.

Wildcat well 7220/5-2 is the fourth exploration well in production licence 532.