According to partner Rocksource, well 6707/10-3 S is located 20 km (12.4 mi) northeast of the Statoil-operated Aasta Hansteen field development.
The main aim is to prove hydrocarbons in the Kvitnos formation sandstones, with a secondary target in the Lysing formation. Ivory could potentially hold 50-230 MMboe in the primary target. There are other prospects in the license according to another partner, Atlantic Petroleum.
Planned TD is 4,149 m (13,612 ft) below mean sea level.