PL 380 was awarded to Pertra (70% and operator) and DNO (30%) in APA 2005. The license partners were scheduled to make a drill or drop decision within 6 January 2007. The partners have now decided to drill an exploration well to test the Midgard West prospect.
The prospect is scheduled to be drilled using the semi-submersible drilling rig ”Bredford Dolphin” in Q4 2007.
The water depth is 266 meters and the prospect is situated 2,800 meters
below the seabed. The prospect is located only 4 kilometers from the
Midgard Field, which was discovered in 1981 and started producing
through the Åsgard development in 1999.
”We are very pleased to commence drilling activities in the two operator licenses
awarded to us in APA 2005. This indicates that we have been successful
in identifying interesting licenses in our license applications. Midgard
West is a classic example of an opportunity not being pursued by the
major companies. Provided that hydrocarbons are present, this prospect
will prove to be of great value to society”, comments CEO Erik Haugane.
Following this decision, Pertra will operate two exploration wells on the
Norwegian Shelf in 2007; one in the North Sea and this one in PL 380 in
the Norwegian Sea.