Statoil starts drilling Aldous Major North to extend mega oil find offshore Norway

By Phaedra Friend Troy

Norwegian major Statoil (NYSE:STO) has begun drilling the much-anticipated Aldous Major North exploration well in the Norwegian North Sea.

The 16/2-9S exploration well will serve as an appraisal to the mega oil discoveries at Aldous Major South on Production License 265 and Avaldsnes on Production License 501. Aldous Major North is expected to prove a northwesterly continuation of the major oil field with a primary target of the Upper Jurassic formation.

With operations expected to take 40 days, the Transocean Leader is drilling the Aldous Major North well to a planned total depth of 2,241 meters.

Statoil serves as the operator of PL 265 with 40 percent interest. Partners on the license include Lundin Petroleum with 10 percent, Petoro with 30 percent and Det norske oljeselskap with 20 percent.

On PL 501, Lundin serves as the operator with 40 percent interest. Partners on this license include Statoil with 40 percent and Maersk Oil with 20 percent.

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