Statoil’s international development and production chief Lars Christian Bacher told Bloomberg one or more rigs would be required to drill two wells next year in the Sea of Okhotsk, where the partners are looking to explore the Magadan-1 and Lisyansky licences.
Statoil, which holds a 33% stake in the acreage, has committed to fund a commitment to drill one well in the respective licences by 2016 and 2017.
The
