) has commenced the drilling of an exploration well at the Nanna
prospect in the North Sea off Norway.
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The exploration well - 25/11-26 - is being spud by
Diamond Offshore Drilling, Inc.
) semi-submersible Ocean Vanguard. The probe lies in production
license (PL) 169 and is being drilled in a water depth of about
The drilling of wildcat is estimated to take about 32 days with
an intention to touch a total depth of 2,222 meters. Another 20
days would be required for further appraisal of a prospective
find in the PL 169.
Statoil, the operator of PL 169, has a 57% interest in the
license, while partners Petoro and
) hold 30% and 13% interests, respectively.
Statoil has operations in all major hydrocarbon-producing regions
of the world, with an emphasis on the Norwegian Continental Shelf
(NCS). We believe the company's growing upstream presence in the
emerging basins of the Caspian Sea, West Africa and the deepwater
U.S. Gulf of Mexico will enable Statoil to sustain its production
growth for the next few years.
In early January, Statoil achieved drilling success in its latest
appraisal on the Johan Sverdrup find, off Norway. The appraisal
confirmed oil presence in the southern part of the find, giving a
boost to the resource availability in the area.
In 2013, Statoil, along with its project partners - OMV and
) are also planning to advance on the development of Aasta
Hansteen - a field in the Norwegian Sea. These projects show the
importance of NCS in Statoil's portfolio.
Currently Statoil carries a Zacks Rank #3 (Hold).