Statoil Makes Minor Discovery in North Sea

The Norwegian Petroleum Directorate announced Friday that Statoil Petroleum AS, operator of production license 120, has made a minor gas/oil/condensate discovery at exploration well 34/8-16 S in the North Sea.

Drilled on the east flank of the Visund field in the northern part of the North Sea, the well’s primary exploration target was to prove gas and/or gas condensate in the Middle Triassic Lomvi formation. The secondary exploration target was to investigate additional resources in Lower to Middle Jurassic Statfjord and Brent Group reservoir rocks and the Upper Triassic Lunde formation.

The well encountered an oil/gas/condensate column of about 280 feet in the Lunde formation, 130 feet of which was of moderate to good reservoir quality. Preliminary calculations of the size of the discovery are between 14.1 and 38.8 million cubic feet of recoverable oil equivalents. The well has not been formation tested, but comprehensive data collection and sampling were carried out.

Well 34/8-16 S, which was drilled using the Songa Trym (mid-water semisub) to a vertical depth of 12,713 feet below sea level, is the 26th exploration well drilled in production license 120. The well will now be permanently plugged and abandoned.

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