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New interesting Statoil discovery near Norne

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Staff Writer | January 17, 2017
Cape Vulture
Oil exploration   The drilling of the Cape Vulture

One year after the licence award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million barrels.

The drilling of the Cape Vulture exploration well started in early December 2016.

The well was drilled in the license 128 as a result of the award of license 128D in the APA round in 2015 (Award in Predefined Areas).

The drilling of the well is the result of the development of a new exploration concept for the Nordland Ridge.

The Cape Vulture discovery opens up for further exploration opportunities in the area.

Statoil will now analyse the results in detail, and identify any new exploration targets in the area.

Statoil is the operator of license 128 and 128D with a 64 % share, Petoro holds a 24.5 % share and ENI a 11.5 % share.

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