Equinor Receives PSAN Consent to Drill Barents Sea Well

Equinor Energy AS has received Petroleum Safety Authority Norway’s consent for the exploration drilling of well 7324/3-1 in the Barents Sea.

The well will investigate a prospect named Intrepid Eagle, which is around 106 miles south-east of Bjørnøya in production license 615. Water depth at the site is 1,482 feet.

Drilling is scheduled to begin in mid-August and is estimated to last for 28 days. The well will be drilled by the West Hercules semi-submersible drilling facility.

Earlier this month, Equinor revealed that it had discovered oil at wildcat well 16/1-29 S in the central part of the North Sea.

The discovery is currently estimated to contain 15-35 million barrels of recoverable oil equivalent, according to Equinor.

“This is a good discovery which we expect will be commercial,” Nicholas Ashton, Equinor’s senior vice president of exploration for Norway and the UK, said in a company statement at the time.