Statoil resumes Pingvin

Statoil resumed drilling operations on 10 September at the oil-bearing strata in the exploration well 7319/12-1 Pingvin after receiving permission from the Norwegian Environment Agency.

The Pingvin prospect is in production license 713 in the Norwegian Barents Sea.

The top hole has been drilled using the Transocean Spitsbergen semisubmersible drilling rig (pictured).Results from the well are expected this month. 

Statoil and partner RN Nordic Oil, a Rosneft subsidiary, began exploration drilling in August.

Statoil is the operator and holds a 40% interest with partners RN Nordic Oil (20%), Edison (20%) and North Energy (20%).

According to North Energy, Pingvin could contain 2-300MMboe and could have the same hydrocarbon source as Johan Castberg. 

Rosneft says the companies plan to implement their experience of exploration and development of hydrocarbon fields in regions with harsh climate. The Pingvin project comes as Rosneft faces increasing sanctions over the conflict in Ukraine.  

Read more:

Rosneft, Statoil start Norwegian drilling

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