Capricorn Norge receives drilling permit
The Norwegian Petroleum Directorate has granted the company a permit for well 35/8-7S in production licence 880.
The Norwegian Petroleum Directorate has granted the company a permit for well 35/8-7S in production licence 880.
The wider Greater Buchan Area in the UK North Sea contains discovered oil and gas resources in excess of 200 million boe.
Hydrocarbons were encountered at the Isabella exploration well, with 64 m net pay encountered, consisting of lean gas and condensate and high-quality light oil.