Skagen44 AS, as partner, is currently in the process of completing exploration well 16/10-5 on the Isbjørn prospect in PL 568.
The primary target in the well was Upper Jurassic (the Ula Formation). The well encountered reservoir rocks of good quality, as expected, but they were water-bearing. The drilling of the well is completed at planned total depth and the data acquisition will be completed as planned. The well was drilled in the southern part of the North Sea, approximately 15 km southeast of the Varg Field, at an ocean depth of 83 meters.
Talisman is the operator of the license, holding a 40 percent interest. Skagen44 has a 10 percent interest, and the other partners are Det norske (20%), Petoro (20 %) and Edison (10%).