Equinor Spuds Egyptian Vulture Well off Norway
Exploration test could yield as much as 200+ million BOE.
Equinor has started drilling operations on the Egyptian Vulture exploration well located offshore Norway. According to well partner Longboat Energy, the drilling of the Egyptian Vulture prospect is being undertaken by Seadrill semisubmersible West Hercules. The well is expected to take up to 7 weeks to drill.
The exploration probe is targeting gross mean prospective resources of 103 million BOE with further potential upside to bring the total to 208 million BOE on a gross basis. The chance of success associated with this prospect is 25% with the key risk related to reservoir quality and thickness.
Longboat has gained access to a drilling program of seven exploration wells in Norway through agreements with three separate companies. Earlier, Vår Energi started drilling the Rødhette exploration well off Norway, the first in a series of seven wells where Longboat will participate as a nonoperator.