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Thursday, July 21, 2011

Statoil Gets Green Light to Drill N. Sea Block 15/8

- Statoil Gets Green Light to Drill N. Sea Block 15/8

Thursday, July 21, 2011
Petroleum Safety Authority Norway

Statoil has secured consent to conduct exploration drilling in the central part of the North Sea using the COSLPioneer mobile facility.

The consent relates to the drilling of exploration well 15/8-2 in production license 303. The well is located about 250 kilometers southwest of Stavanger. The consent also covers the drilling of a potential sidetrack.

The well has the following geographical coordinates: N 58° 24' 55.08", E 01° 32' 49.89" Water depth at the site is approx. 119 meters.

Drilling is scheduled to start in late July/early August 2011. The expected duration of the activity is about 79-124 days, depending on potential discoveries.

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