Lundin Confirms Oil Discovery at Caterpillar Well
Marathon has discovered oil in its Caterpillar exploratory well in the Norwegian sector of the North Sea. The Caterpillar exploration well reached a total vertical depth of 7,090 feet (2,161 meters) in the Paleocene Lista formation using semisub Transocean Winner.
The primary objective of the well was to prove oil in the upper Paleocene reservoir rocks in the Hermod formation. Both the Caterpillar main exploration well, as well as its sidetrack, encountered an 85 and 79 foot (26 and 24 meter) oil column, respectively, in sandstone reservoirs in the Hermod formation. Preliminary gross resource range for the Caterpillar discovery is estimated at 5 to 12 MMboe.
The operator is planning to tie-back the Caterpillar discovery to the Boyla development, formerly Marihone, located about 5 miles (8 kilometers) to the southeast. Marathon operates the license, holding a 65% interest. Partners in the license include Lundin (15%) and ConocoPhillips (20%).
continue reading the full article
SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.Field Development Updates
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- Analyst Says USA Influence on Middle East Seems to be Fading
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally