Statoil gets go-ahead to drill Norwegian North Sea wildcat well

Source: Norwegian Petroleum Directorate

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS (NYSE:STO) a drilling permit for well 30/11-8 S with the Ocean Vanguard semisub on production license 035 in the Norwegian North Sea. 

Well 30/11-8 S is located about 20 kilometers southwest of the Oseberg Sør field in the North Sea. The production license consists of parts of block 30/11, and was awarded in licensing round 2A in 1969.
Wildcat well 30/11-8 S is the sixth exploration well in production license 035. 

Statoil is the operator with a share of 50 percent. The other licensees are Det norske oljeselskap ASA with 25 percent and Svenska Petroleum Exploration AS with 25 percent. 

The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling commences.

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