Statoil gets go-ahead for another wildcat well offshore Norway

Source: Norwegian Petroleum Directorate

The Norwegian Petroleum Directorate (NPD) has granted Statoil (NYSE:STO) \ a drilling permit for well 15/8-2. 

Well 15/8-2 will be drilled from the COSL Pioneer drilling facility, a new semisubmersible drilling rig that was built in China. The facility was docked at Sandnes this summer to be prepared for its first assignment on the Norwegian Shelf. 

The drilling program for well 15/8-2 concerns the drilling of a wildcat well in production license 303. Statoil Petroleum AS is the operator with a 100 per cent ownership interest. 

The area in this license consists of a part of block 15/2 and parts of blocks 15/3, 15/5, 15/6 and 15/8. The well will be drilled about ten kilometers west of the Sleipner Vest field in the central part of the North Sea.
Production license 303 was awarded on 12 December 2003 (APA 2003). This is the seventh well to be drilled in the license area. 

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

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