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Drilling Permit for Well 16/1-26 A in PL001 B

Source: www.gulfoilandgas.com 4/14/2016, Location: Europe

The Norwegian Petroleum Directorate has granted Det norske oljeselskap AS a drilling permit for well 16/1-26 A, cf. Section 8 of the Resource Management Regulations.

Well 16/1-26 A will be drilled from the Maersk Interceptor drilling facility at position 58°55’20.15’’ north 02°11’53.03’’ east in production licence 001 B.

The drilling programme for the 16/1-26 A well relates to the drilling of an appraisal well on the 16/1-7 oil discovery, which is part of the Ivar Aasen field, where Det norske is the operator with an ownership interest of 34.7862 per cent.

The other licensees are Statoil Petroleum AS with 41.4730 per cent, Bayerngas Norge AS with 12.3173 per cent, Wintershall Norge AS with 6.4615 per cent, VNG Norge AS with 3.0230 per cent, Lundin Norway AS with 1.3850 per cent and OMV (Norge) AS with 0.5540 per cent.

The area in this licence consists of part of block 16/1. The well was drilled in the eastern part of the 16/1-7 discovery in the central part of the North Sea.

Production licence 001 B was carved out of production licence 001 on 1 Sept. 1999. PL 001 was awarded on 1 Sept. 1965 (Round 1-A). This is the 11th exploration well to be drilled within the licence area.

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

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