Fossil Energy – Drilling
Norway’s Petroleum Safety Authority (PSA) has given OKEA consent for exploration drilling in block 6407/9 in the Norwegian Sea.
Operations will be conducted in production licence 093 operated by OKEA with Petoro and M Vest Energy participating as partners. OKEA will be drilling wells 6407/9-SME and -GWS, targeting Springmus East and Garn West South prospects. The water depth at the sites is 279m (SME) and 266,6m (GWS).
The wells will be drilled using the Transocean Endurance semi sub, which is currently warm-stacked in Norway following the conclusion of its contract with Equinor in April 2023. The rig was awarded this two-well contract with OKEA in early May and operations are expected to begin in July.
The rig also has a contract lined up in Australia, expected to start in early 2024. The contract also provides for a series of options, potentially keeping the rig in Australia through the fourth quarter of 2025.
