Statoil Gets Permit to Drill 16/2-12 Well

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/2-12, cf. Section 8 of the Resource Management Regulations.

Well 16/2-12 will be drilled from the Ocean Vanguard drilling facility at position 58°53’04.26’’N and 2°29’18.07’’E following completion of drilling of wildcat well 34/7-35 S for Statoil in production licence 552.

The drilling program for well 16/2-12 concerns the drilling of a wildcat well in production licence 265. Statoil Petroleum AS is the operator with an ownership interest of 40 per cent. The other licensees are Petoro AS with 30 per cent, Det norske oljeselskap ASA with 20 per cent and Lundin Norway AS with 10 per cent.

The area in this licence consists of part of block 16/2. The well will be drilled about five kilometres northeast of well 16/2-10 in the central part of the North Sea.

Production licence 265 was awarded on 24 April 2001 (North Sea Awards 2000). This is the eighth well to be drilled in the licence.

The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

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Offshore Nieuws  Staff, June 26, 2012; Image:  Statoil