Equinor granted drilling permit for wildcat, west of Atlantis discovery

9/18/2018

STAVANGER -- The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS a drilling permit for well 7324/3-1, cf. Section 15 of the Resource Management Regulations.

Well 7324/3-1, will be drilled from the West Hercules drilling facility in position 73°57'27,39" North og 24°41'04,86" East.

The drilling program for well 7324/3-1 relates to the drilling of a wildcat well in production license 615. Equinor Energy AS is the operator with an ownership interest of 55%. The other licensees are OMV (Norge) AS (25%) and Petoro AS (20%).

The area in this license consists parts of Blocks 7324/1, 7324/2, 7324/3 og 7325/1. The well will be drilled about 13 km west of the 7325/1-1 gas discovery, Atlantis, and about 30 km northwest of the 7325/4-1 oil/gas discovery, Gemini Nord, and will test the Intrepid Eagle prospect.

Production license 615 was awarded on May 13, 2011, in the 21st licensing round on the Norwegian shelf. Well 7324/3-1 is the third well to be drilled in the license.

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

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