Chrysaor sets the wheels in motion for North Sea well spud Oil and gas company Chrysaor, which is in the process of merging with Premier Oil, has started preparations to drill an exploration well in the North Sea, using the COSLInnovator rig. Chrysaor was in January 2021 granted drilling permits by the Norwegian Petroleum Directorate (NPD) to drill wildcat well 15/12-25 and wildcat well 15/12-26. Both wells are located in production licence 973 in the North Sea. The area in this licence is part of block 15/12. Both wells will be drilled from the COSLInnovator drilling rig with 15/12-25 being the first and 15/12-26 the second in line. Before getting the permits, Chrysaor in August 2020 signed a contract with COSL for the use of the sixth-generation semi-submersible rig COSLInnovator. The semi-submersible rig will drill two wells at Chrysaor's Jerv and Ilder prospects. The operations for Chrysaor will be run out of Stavanger.