The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a neighboring block to the giant Johan Sverdrup field in the North Sea, the NPD announced on Monday.
The license will see Equinor drill a wildcat well at block 16/5, about three kilometers west of the southern part of the Johan Sverdrup field.
Equinor is the operator of the block with a 44.44% stake while Petoro holds a 33.33% interest and Aker BP has a 22.22% share.
The Johan Sverdrup field is one of the five biggest oil fields on the Norwegian Continental Shelf. With recoverable resources estimated at between 2.2 and 3.2 billion barrels of oil equivalent (boe) with expected volumes of 2.7 billion boe, it is one of the most important industrial projects in Norway with impacts that are set to last over the next 50 years.
By Murat Temizer