Neptune Energy Awarded Drilling Permit in the North Sea

Neptune Energy Awarded Drilling Permit in the North Sea
Norwegian Petroleum Directorate building is pictured in Stavanger, Norway, August 24 2016. REUTERS/Stine Jacobsen

Norwegian oil and gas company, Neptune Energy, has been issued a drilling permit in production license 586 located in the North Sea, according to a press release.

The drilling permit pertains to well 6406/12-G-1 H and will be drilled from the West Phoenix drilling facility. This is expected to happen when it completes the drilling of observation well 6406/12-H-4 for Neptune Energy in production license 586.

The drilling program for well 6406/12-G-1 H relates to the drilling of a wildcat well in production license 586. This is the seventh exploration wells to be drilled in this license.

Neptune Energy is the operator with an ownership interest of 30%. The other licensees are Vår Energi (45%), Suncor Energy (17.5%), and DNO Norge (7.5%). Production license 586 was awarded on 4 February 2011.


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