Pertra ASA has today signed an agreement with ExxonMobil to acquire a 25% interest in the Eitri prospect located in PL 027B, 7 km from the Jotun Field. Subject to an agreement with PL 027B, Pertra will operate one exploration well and plans to use the rig Bredford Dolphin for the drilling operation. Likely start-up is Q2 2008.
Pertra considers the Eitri prospect to be a very interesting exploration opportunity, an analogue to the nearby Ringhorne Field and in the same Paleocene play model as our recent Storskrymten discovery. We also see additional potential in the deeper Jurassic section. We are looking forward to cooperate with ExxonMobil and their partner Dana Petroleum in pursuing this opportunity” says Sigmund Hanslien, VP Portfolio Management in Pertra.
Completion of the transaction is contingent upon conditions precedent, including approval by the Norwegian authorities.