Statoil cleared for North Sea wildcat

Norway

OSLO, August 27, 2015 – Norwegian operator Statoil has been granted a permit to drill a wildcat at the Gasol/Gretel prospect in the North Sea by the Norwegian Petroleum Directorate.

The company aims to drill the 25/11-28 probe using semi-submersible Songa Trym in September, in its operated production licence 169, around 14 kilometres north of the Johan Sverdrup oilfield.

It will be the 15th wildcat to be drilled at the licence. A sidetrack and appraisal could also be drilled in the event of a discovery.

The core objective of the well is to prove up hydrocarbons potential in the Jurassic Gasol and Permian Gretel prospects, located at a water depth of 115 metres. Drilling is scheduled to take around 45 days.

Statoil operates the licence with a 37-percent stake, with partners Petoro (30 percent) and ExxonMobil (13 percent).

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