Statoil cleared for Barents Sea exploration

21 Apr 2017   Norway

 Norwegian energy company Statoil can spend the next month or so drilling an exploration well in a prospect in the Barents Sea, the government said. “Statoil is the operator for production license 532 in the Barents Sea and has received consent to drill exploration well 7219/9-2 in a prospect named Kayak,” the Petroleum Safety Authority of Norway said in a statement . The company will use a mobile drilling rig for the well and drilling should last around 27 days, the government said. The site is about 85 miles northwest of the Goliat license area in the Barents Sea. Production from Goliat comes from 12 oil-producing wells. A peak rate of 100,000 barrels of oil per day is expected. The reserve area […]

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