Statoil Gets Licence to Drill in Barents Sea

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7220/4-1, cf. in the Barents Sea. The well will be drilled from the West Hercules semi-submersible drilling rig.

The drilling programme for well 7220/4-1 concerns 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.

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

Wildcat well 7220/4-1 is the sixth exploration well in production licence 532. The permit is contingent upon the operator securing the other permits and consents required by the authorities prior to starting drilling activity.

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