Statoil was today given the drilling go-ahead.
The Norwegian Petroleum Directorate approved its plans to drill a well in a northwest extension of the Johan Sverdrup field in the central North Sea.
The appraisal well falls under the Johan Sverdrup production licence 265. Statoil is the operator with a 40% interest. Petoro AS owns 30%, Aker BP owns 20% and Lundin Norway owns 10%.
The area in the licence consists of part of block 16/2. The well will be drilled about 2 kilometres northwest of the 16/2-9 S well in the Tonjer West segment on Johan Sverdrup.
Johan Sverdrup is one of the five biggest oil fields on the Norwegian continental shelf, with expected resources of between 1.7 – 3.0 billion barrels of oil equivalent.
The site’s first-phase development work will provide up to 51,000 man-years of work in Norway and 2,700 man-years in the production phase.
Peak production on Johan Sverdrup will equate to 25% of all Norwegian petroleum production. It is located 155km west of Stavanger. It will produce a total production revenue of NOK 1,350 billion over 50 years.
Read all of Statoil’s top North Sea news from the year here.
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