Statoil and Total E&P Make North Sea Gas, Condensate Discovery

Statoil announced Thursday that it has made a gas and condensate discovery in the North Sea’s Julius prospect, with the help of its PL146/PL333 partner Total E&P Norge.

The discovery well 2/4-23S, which was drilled by Maersk Gallant (394’ ILC), fulfilled its primary exploration target by proving gas and condensate in the well’s Ula formation. Statoil estimates the volumes in Julius to be between 15 and 75 million barrels of recoverable oil equivalent.

Well 2/4-23S also aimed to appraise the King Lear gas and condensate discovery made by the PL146/PL333 partnership in 2012. The well provided important information on reservoir distribution and reservoir communication in the King Lear discovery, according to Statoil, and the acquired data will now be further analysed.

Following the appraisal, Statoil stated in a press release that “King Lear volumes will stay within the previously communicated range of 70-200 million barrels of recoverable oil equivalent”.

May-Liss Hauknes, Statoil vice president for exploration in the North Sea, commented in a company statement:

"The King Lear and Julius discoveries are located in one of the most mature parts of the Norwegian continental shelf, just 12 miles north of Ekofisk, the first commercial NCS discovery made 45 years ago. The discoveries confirm Statoil’s view that even such mature areas of the NCS still have an interesting exploration potential."

Edward Prestholm, acting head of early phase field development on the NCS in Statoil, stated in a Statoil press release:

"Since the King Lear discovery, the main focus of the license partnership has been to clarify the resource basis within PL146/PL333. Following the positive results of the Julius well, the partnership will start working on an optimal plan for a timely development of the discovered resources. The Julius discovery will be included in the resource base for a future PL146/PL333 development decision."



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

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
 -  Aberdeen Firm to Hire More Staff in 20... (Mar 30)
 -  CGG, KGOC Teams to Work Together on In... (Mar 30)
 -  Aker Solutions Reduces Total Headcount... (Mar 30)
 -  First Workers Complete New Industry Tr... (Mar 29)
 -  Mexico, UK Strengthen Ties with 5-Day ... (Mar 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
Solids Control Technician
Expertise: Field Service Tech|Mud Engineer / Drilling Fluids|Rig Instrument Tech
Location: Midland, TX
 
United States Rock Springs: Service Supervisor I to III- Nitrogen
Expertise: Production Technologist|Well Servicing & Testing|WellSite Supervisor
Location: Rock Springs, WY
 
United States Vernal: Service Supervisor I to III - Frac/Acid
Expertise: Fracturing|WellSite Supervisor
Location: Naples, UT
 
search for more jobs

Brent Crude Oil : $52.96/BBL 1.03%
Light Crude Oil : $50.35/BBL 1.69%
Natural Gas : $3.19/MMBtu 0.63%
Updated in last 24 hours