Statoil Makes Gas/Condensate Discovery North of Åsgard

Norway's Statoil reported Monday that it has made a gas/condensate discovery in the Smørbukk North prospect at Haltenbanken in the Norwegian Sea.

Statoil said exploration well 6506/9-3 on production license PL479 was drilled by the Transocean Leader (DW semisub) rig and proved a 130-foot gas/condensate column in the Gam formation of mid-Jurassic age. In addition, a thin gas/condensate column was proven deeper in the mid-Jurassic Ile formation.

Statoil described the reservoir properties of the Gam formation as "good".

The preliminary estimated volume of the discovery is in the range of 25 to 47 million barrels of oil equivalent.

"We are very pleased with having proven the new resources," Gro G. Haatvedt, senior vice president for Norwegian exploration at Statoil, commented in a company statement.

"The three discoveries comprising the Åsgard field were all made in the 1980s. Making a new discovery in the area 30 years later is encouraging and proves the exciting remaining potential on the NCS."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  First Oil Achieved from Cidade de Itag... (Aug 3)
 -  Polarcus Wins 3D Seismic Project (Aug 3)
 -  Atlantic Petroleum Seeks Buyers (Aug 3)
 -  Circle Oil to Plug and Abandon NFA-1 W... (Aug 3)
 -  Diamond Offshore Drilling Revenues Dro... (Aug 3)


Most Popular Articles

From the Career Center
Jobs that may interest you
Region Product Line Manager - Testing and Production Services
Expertise: Geochemist
Location: Colorado, CO
 
Senior Geotechnical Engineer
Expertise: Geotechnical Engineer
Location: Louisiana, LA
 
Offshore Drill Crew-Temporary
Expertise: Roustabout
Location: GoM
 
search for more jobs

Brent Crude Oil : $52.21/BBL 2.06%
Light Crude Oil : $47.32/BBL 2.47%
Natural Gas : $2.72/MMBtu 1.80%
Updated in last 24 hours