Aker BP Granted Drilling Permit for Wildcat North of Frøy Field

Now that its oil and gas unit has been sold, A.P. Moller-Maersk A/S is planning separate divestments for the three remaining bits of what used to be a combined energy division, with estimates valuing those businesses at $7.5 billion in total.

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wellbore 25/2-19 A, cf. Section 8 of the Resource Management Regulations. Well 25/2-19 A will be drilled from the Maersk Interceptor drilling facility, at position 59°52’28.37″ north and 02°37’45.61″ east.

The drilling program for well 25/2-19 A relates to the drilling of a wildcat well in production licence 442. AkerBP ASA is the operator with an ownership interest of 90.26%. The other licensee is Lotos Exploration and Production Norge AS (9.74%). The area in this licence consists of a part of block 25/2 and a part of block 25/3.

The well will be drilled about 15 km north of Frøy field in the North Sea and about 140 km from the coast. Production licence 442 was awarded on June 15, 2007 in APA 2006 on the Norwegian shelf. This is the seventh well to be drilled in the licence. The permit is contingent upon the operator securing the other permits and consents required by other authorities prior to commencing the drilling activities.

Source: www.worldoil.com