Statoil spuds in Gasol/Gretel prospect

Norway

OSLO, September 11, 2015 – Norwegian state-owned exploration and production company Statoil spudded a wildcat in the Gasol/Gretel Prospect in the North Sea, the company announced by Thursday press release. It is the 15th such wildcat to be drilled in the maturing field.

The prospect is 14 kilometres north of the Johan Sverdrup field. The same rig, the semi-submersible Songa Trym, recently drilled a dry wildcat at the Knappen prospect.

The Gasol/Gretel prospect is at a water depth of 115 metres, and Statoil’s experts believe the Jurassic-aged Gasol and Permian-dated Gretel prospects to have good hydrocarbons potential.

Statoil holds a 37-percent stake in the production licence, and it is partnered with Norwegian state portfolio manager Petoro (30 percent) and ExxonMobil (13 percent). Statoil hopes to use its existing infrastructure to maximize its efficiency in the North Sea.

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