Statoil Receives Approval for New North Sea Well (Norway)

Statoil Receives Approval for New North Sea Well (Norway)

The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for well 25/9-4, in the Norwegian sector of the North Sea.

Well 25/9-4 will be drilled from the Ocean Vanguard drilling rig at position 59°25’24.4” north and 2°47’15.0” east.

The drilling programme for well 25/9-4 relates to drilling of a wildcat well in production licence 628. Statoil Petroleum AS is the operator with a 50 per cent ownership interest. The other licensees are Petoro AS with 20 per cent, Repsol Exploration Norge AS med 20 per cent and Petrolia Norway AS med 10 per cent.

The area in this licence comprises parts of blocks 25/6, 25/9, 26/4 and 26/7 in the central part of the North Sea. Production licence 628 was awarded on 3 February 2012 (APA 2011). This is the first exploration well to be drilled in the licence, and the second within the licence area. Wildcat well 26/4-1 was drilled with BP as operator in 1987.

The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activities.

Press Release, November 01, 2013