Uchenna Izundu
International Editor
LONDON, June 19 -- Pertra ASA of Trondheim, Norway, and its partners plan to drill two exploration wells in 2008 on Production License 321 in the Norwegian Sea. The group will target a prospect in sandstone from the late Jurassic period, which was deposited on the western flank of Frøyhøgda, which is a basement high.
The well will be drilled to 2,000 m TD. Under the first phase of the work program, 800 sq km of 3D seismic data have been collected.
The group won the license in Norway's 18th licensing round, which specified that the exploration period will extend until summer of 2010. License partners are Pertra 25% (operator), Talisman Energy 40%, Norsk Hydro 20%, and Aker Exploration 15%.
"Aker Exploration will pay the cost for Pertra's share of the two first exploration wells in this license," Pertra said.
Contact Uchenna Izundu at [email protected].
