Tuesday 19 December 2017

Well 34/2-5 S will be drilled from the Transocean Arctic drilling facility at position 61°45'34" north and 2°35'9.53" east following completion of production drilling on the Alvheim field.

The drilling program for well 34/2-5 S concerns the drilling of a wildcat well in production licence 790. Aker BP is the operator with an ownership interest of 30 per cent. The other licensees are Capricorn Norge AS (25 per cent),Wellesley Petroleum AS (25 per cent) and MOL Norge AS (20 per cent).

The area in this licence consists of part of block 34/2 and part of block 34/5. The well will be drilled about 15 kilometres southwest of the Knarr field.

Production licence 790 was awarded on 6 February 2015 in APA 2014. This is the first well to be drilled in the licence.

The permit is contingent upon the operator having secured all other permits and consents required by other authorities prior to commencing drilling activity.