Permit received for Norway's most Northerly well on the massive Korpfjell prospect

Permit received for Norway's most Northerly well on the massive Korpfjell prospect

Korpfjell Prospect

Norway’s northernmost oil well (7435/12-1) has received its drilling permit from the The Norwegian Petroleum Directorate. With a game-changing potential of 3-6 bbo the well is dubbed the most exciting exploration well in decades. It is targeting Statoil’s Korpfjell prospect that is to believed have a structural closure three or four times those found at John Sverdrup. Located 415km off the coast and only 37km from the Russian boundary, the licence was the most sought-after acreage in Norway’s 23rd licensing round. The well is part of Statoil’s 5 well drilling programme in the Barents Sea and is set to be drilled by the Songa Enabler drilling rig in a water depth of 253m following the completion of wildcat well 7325/4-1, targeting Statoil’s Gemini Nord prospect. Statoil AS is the operator of the licence (30%) with partners Chevron Norge AS (20%), Petro AS (20%), ConocoPhillips Scandinavia (15%) and Lundin Norway AS (15%).

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