The Norwegian Offshore Directorate (NOD) has granted Vår Energi $VAR (-0,27 %) a drilling permit for an exploration well in the North Sea field.
The permit applies to well 25/8-C-23 D in production license 027.
Vår Energi is the operator of the license with a 90% stake, while its partner Kistos Energy (Norway) holds the remaining 10%.
The wells will be drilled via the Ringhorne platform, a combined accommodation, drilling and wellhead facility linked to the Balder FPSO for processing, crude oil storage and gas export.
The Ringhorne prospect, located nine kilometers north of the Balder FPSO, is part of the Balder field complex.