Project Profile
Location: Gjallar Ridge, Norwegian Sea
Area: 1039 km2
Depth: 1410 metres
The PL705 is located on the northern part of the Gjallar Ridge in the Vøring Basin (Norwegian Sea), Norway in about 1410 metres of water. The licence was awarded in the 22nd Licensing Round on the Norwegian Continental Shelf (NCS). The licence contains blocks 6705/7 (part), 8,9,10 (part). The license contains multiple high potential prospects and given a discovery the reserves can be tied in to the Aasta Hansteen Field. The license covers an area of 1039 km2, and several prospects have been mapped and de-risked using 3D seismic data. The prospects have potential targets at multiple reservoir levels.
Operators:
Repsol Exploration Norge AS: 40% interest
DEA Norge: 30% interest
M Vest Energy: 30% interest