North Energy has informed that as a partner in production licence 713, in the Barents Sea, offshore Norway, the company is completing the drilling of the Pingvin prospect in exploration well 7319/12-1.
The well has identified gas in a sandstone reservoir. Extensive data has been acquired from the well through coring, wireline logging and liquid sampling.
North Energy said that updated information from the well will be provided as soon as the analyses have been completed.
The partners in the licence are Statoil as operator with 40 per cent, RN Nordic Oil with 20 per cent, Edison with 20 per cent and North Energy with 20 per cent.
Statoil received the approval to use Transocean Spitsbergen semi-submersible drilling rig to drill Pingvin well in August, 2014.
Related:
Rosneft, Statoil begin Pingvin drilling
Statoil gets nod from Norwegian Environment Agency for Pingvin drilling