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Equinor Secures Barents Sea Drilling Permit Using COSL Prospector Rig

Equinor has received regulatory clearance from Norway’s Offshore Directorate to drill the Vikingskipet prospect in the Barents Sea using the COSL Prospector rig.
Equinor secures Barents Sea drilling permit with COSL Prospector semi-submersible rig under NOD approval
COSL Prospector (Image source: COSL)

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Norwegian energy major Equinor has obtained approval to carry out drilling operations on the Norwegian Continental Shelf (NCS) using the COSL Prospector, a semi-submersible rig operated by COSL Drilling Europe.

The Norwegian Offshore Directorate (NOD) has formally granted the company a drilling permit for well 7018/5-2 in production license 1236. The authorization is valid from 15 March 2024 and will remain in effect until 15 March 2031.

The drilling campaign targets the Vikingskipet prospect located in block 7018/5 of the Barents Sea, at a water depth of approximately 308 meters. The permit follows earlier consent issued by the Norwegian Ocean Industry Authority, clearing Equinor to commence exploration activities in the area.

The COSL Prospector, designed under the GG5000 specification, can operate in waters up to 1,500 meters deep and drill to a total depth of around 7,500 meters. The rig secured a two-year contract in September 2023, including options for an additional three years, potentially extending the engagement to five years in total.

This arrangement builds on the existing collaboration between Equinor and Vår Energi, which ensures joint access to the COSL Prospector during the 2024–2026 period.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
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