Project Profile
Value: US$100-200 m (estimate)
Location: parts of blocks 7227/8, 7227/9 and 7227/10, Barents Sea, Norway
Water depth: 232 m
Start-up Year: 1997
The production licence consists of parts of blocks 7227/8, 7227/9 and 7227/10. The licence was awarded in the Barents Sea project in 1997. Wildcat well 7227/10-1 will be the first exploration well in production licence 230. The permit is contingent upon the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity. The first exploration well, 7227/10-1 in this licence was plugged and abandoned in 2014. Well 7227/10-1 was drilled by the Transocean Spitsbergen drilling facility.
Operators:
Statoil Petroleum AS: Operator with 35% interest
Spike Exploration Holding AS: 30% interest
Explora Petroleum AS: 20% interest
GDF SUEZ E&P Norge AS: 15% interest