Repsol stalled at Hagar

17 June 2015, News Wires – Repsol is facing a further delay to planned drilling of a wildcat at the Hagar prospect in the Norwegian Sea, despite gaining a permit for the probe from the authorities on Wednesday.

RepsolThe Spanish explorer had originally intended to spud the 6306/5-2 well using semi-submersible Bredford Dolphin last month but must now wait until the rig has completed Lundin Petroleum’s probe at the Luno 2 North prospect, which was spudded on 14 June and has an estimated duration of at least 50 days or up to 97 days if a discovery is made.

Hagar will be the first well to be drilled in Repsol-operated production licence 642 and has an estimated 20% probability of success.

The probe will be sunk to a total vertical depth of 3643 metres at a location north-east of Shell’s Ormen Lange field and has an estimated duration of at least 80 days if it is dry or 100 days in the event of a discovery.

Repsol holds a 40% operating stake in the licence, with partners OMV, Tullow Oil and Petoro each on 20%.

– Upstream

About the Author