A Transocean rig will be moving from an exploration well in the North Sea to frontier territory near existing oil and gas discoveries, Norway’s government said. The Norwegian Petroleum Directorate, the nation’s energy regulator, granted Wellesley Petroleum permission to move the Transocean Arctic drilling rig to a wildcat well, a well not previously known to contain hydrocarbons. The well is located about 8 miles southwest of the Gjoa field and 7 miles east of the Byrding field. Both are existing oil and gas producing fields in the North Sea. “The permit is conditional on the operator securing all other permits and consents required by other authorities before the drilling activity commences,” the NPD stated. “This is the first well to be […]