Statoil Petroleum AS is in the process of completing the drilling of wildcat well 6506/9-3.
The well was drilled about 5 km north of the Åsgard field in the Norwegian Sea.
A preliminary estimate of the size of the discovery in the Garn formation is between 4 and 7.5 million Sm3 of recoverable oil equivalents. Tie-in of the discovery to the Åsgard field will be considered.
This is the first exploration well in production licence 479. The licence was awarded on 29 February 2008 in connection with APA 2007.