The Norwegian Petroleum Directorate has announced that Pertra ASA, Operator of Production License 337, has discovered oil in Paleocene sands in wildcat well 15/12-18S. The discovery is located 16 km north-west of the Varg Field.
“Making a discovery in our first exploration well is a good credit to our exploration staff and very exciting,” states CEO Erik Haugane. “We will now investigate if the volumes are sufficient for a commercial development. The discovery is very promising for the other Paleocene prospects mapped in this area, including the Pertra-operated PL 408 just north of this discovery.”
The licensees in Production License 337 are:
- Pertra (Operator) 45%
- Dana Petroleum 25%
- Revus Energy 20%
- Bridge Energy 10%