Statoil Comes up Dry in the Barents Sea

The Norwegian Petroleum Directorate reported Friday that Statoil has drilled a dry well about 20 miles southwest of the 7228/7-1 oil and gas discovery in the Barents Sea.

Wildcat well 7227/10-1's primary exploration target for the well was to prove petroleum in Late Triassic reservoir rocks. The secondary target was proving petroleum in Middle Triassic reservoir rocks, as well as investigating the presence and quality of Early to Middle Triassic source rock.

In spite of encountering reservoir rocks in both formations, both had poor reservoir quality. The well has been classed as dry.

Well 7227/10-1 was the first exploration well in production license 230. It was drilled by the Transocean Spitsbergen (DW semisub) rig, which Statoil said Thursday it will suspend in mid-November until at least the end of the year.

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