OMV Norge Awarded Drilling Permit for Well 7324/7-2 in Production Licence PL537

Source Press Release
Company OMV GroupIdemitsuPetoro ASEquinor ASATullow Oil 
Tags Exploration, Upstream Activities
Date April 02, 2014

The Norwegian Petroleum Directorate (NPD) has granted  OMV Norge a drilling permit for a wildcat well  7324/7-2 in production licence PL537. Well 7324/7-2 will be drilled from the Transocean Barents drilling facility at position 73°29` 27.09" north and 24°14´ 2.56" east.

OMV Norge  is the operator with a 25 per cent ownership interest and the other licensees are  Idemitsu Petroleum Norge with 20 per cent,  Petoro with 20 per cent, Tullow Oil Norge with 20 per cent and  Statoil with 15 per cent. The production licence consists of the Blocks 7324/7 and  7324/8, and was awarded in the 20th licensing round in 2009. Wildcat well 7324/7-2 will be the third exploration well in production licence 537.

The permit is contingent upon the operator having secured all other permits and consents required by other authorities before the drilling starts.

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