Total Hits Gas Pay in North Sea


Heimdal Platform
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Total E&P Norge AS made a gas/condensate discovery in well 25/5-7 on the David prospect, located about 12 miles (20 kilometers) northeast of the Heimdal field in the Norwegian sector of the North Sea. A gas column of about 230 feet (70 meters) was encountered in the Brent group (primary target) with better reservoir rocks and reservoir quality than expected. The Statfjord formation, the secondary target, has good reservoir properties, but with aquifers. Preliminary estimates of the size of the discovery range between 2.4 and 3.2 million cubic meters of recoverable oil equivalents. Drilled by the Ocean Vanguard semisub, the well was not formation tested, but data was gathered. The partners in the license are considering connecting the discovery to the Heimdal field. Total, serving as operator of the license, holds a 40% interest; Petoro holds 30%; Centrica Resources holds 20%; and Det norske holds the remaining 10%.

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Brent Crude Oil : $52.21/BBL 2.06%
Light Crude Oil : $47.32/BBL 2.47%
Natural Gas : $2.72/MMBtu 1.80%
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