Equinor Cleared to Drill Exploration Well in Johan Castberg License Area


November 30, 2020

Transocean Enabler/ Image by Geir Frits Myklebust/MarineTraffic.Com

Transocean Enabler/ Image by Geir Frits Myklebust/MarineTraffic.Com

Norwegian oil giant Equinor has been cleared to drill an exploration well at the Isflak prospect in the Barents Sea.

The well 7220/7-4 sits in the production license 532, in a water depth of 351 meters. The approval was granted by the safety regulator PSA Norway.

Equinor will use the semi-submersible drilling rig Transocean Enabler to drill at the Isflak prospect.  The drilling operation is expected to take 30 days to complete.

The License 532 is where Equinor's Johan Castberg development is being worked on. The Isflak well is located about 8.5 km south of the location where the Johan Castberg FPSO will be deployed.

The Johan Castberg field development project’s resource base consists of the three oil discoveries Skrugard, Havis and Drivis, located in PL 532. The field is expected to come on stream in 2023 and will produce for 30 years.

The objective of the Isflak well drilling is to discover additional hydrocarbons that could be fed into the FPSO. The drilling location is 203 km from the Finnmark coast and 218 km from Bjørnøya. 

Equinor is the operator of license 532 with a 50 percent stake. Partners are Var Energi with 30 percent and Petoro with 20 percent ownership.

The company in July this year drilled a wildcat well in the license, about 25 kilometers south of the Johan Castberg field, hoping to prove petroleum in reservoir rocks in the Upper Triassic to Lower Jurassic (the Tubåen Formation). The well 7219/9-3, the tenth exploration well in production license 532, was classified as dry. 

This well, too, was drilled using the Transocean Enabler rig, which then proceeded to drill production wells for the development of the Johan Castberg field.

No comments

More Popular Posts

About Crude Oil Brokers Ltd

Crude Oil Brokers Ltd is a dedicated global broker and facilitator of crude oil buying and selling. We work directly with crude oil buyers and crude oil sellers worldwide. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the brokering of crude oil and other petroleum products buying and selling.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.

3. Saudi Light Crude Oil, SLCO

4. Iraqi Light Crude Oil

If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.

To contact Crude Oil Brokers, click here ». To learn more about Crude Oil Brokers Ltd, click here

Crude Oil Brokers