Statoil is in the process of completing appraisal well 16/5-3 together with partners Petoro and Det norske oljeselskap. The well confirms that the Johan Sverdrup field extends into production license 502 and proves a small additional upside to the field’s resources.
Results of well 16/5-3 in PL502 indicate as well that there may be further upside potential in the area.
Later this year the Cliffhanger prospect in PL265 will be drilled. This will be an important step to clarify and capture the full potential in the Johan Sverdrup area.
Det norske has an ownership share of 22.22 percent in production license 502. Statoil is operator, with an ownership share of 44,44 percent. Petoro has a 33.33 ownership share.
For further details on the results of well 16/5-3 please see the NPD press release. (Norwegian only).