REPSOL NORGE TO DRILL WILDCAT WELL IN PL 705

February 23, 2017

The Norwegian Petroleum Directorate has granted Repsol Norge AS a drilling permit for well 6705/7-1 in PL 705, using the semi-submersible Transocean Barents. Well 6705/7-1 will be drilled at position 67°15’5.14″ north and 5°10’29.12″ east, after completing the drilling of wildcat well 205/23-3a on the British side for Hurricane. The drilling programme for well 6705/7-1 relates to the drilling of a wildcat well in production licence 705. Repsol Norge AS is the operator with an ownership interest of 40 per cent. The other licensees are DEA Norge AS with 30 per cent and M Vest Energy AS with 30 per cent. The area in this licence consists of blocks 6705/8 and 6705/9, in addition to parts of blocks 6705/7 and 6705/10. The well will be drilled about 330 kilometres west of Bodo.
Production licence 705 was awarded on 21 June 2013 (22nd licensing round). This is the first well to be drilled in the licence area. (Source: NPD)