Statoil Makes Minor North Sea Oil Discovery

Statoil Petroleum AS has made a minor oil discovery through well 30/11-12 S in the North Sea.

The objective of well 30/11-12 S was to prove petroleum in three sandstone layers in Middle Jurassic reservoir rocks. Well 30/11-12 S encountered a 121-foot oil column in the upper part of the Tarbert formation, of which about 100-feet had good to moderate reservoir properties.

Preliminary estimates place the size of the discovery at between 24 and 88 million cubic feet of recoverable oil equivalents. The discovery will be included in the evaluation of a new field development, along with other earlier discoveries in the area.

Well 30/11-12 S was drilled by the Songa Delta drilling facility (midwater semisub), which will continue its drilling campaign with the drilling of wildcat well 30/11-13 S in the same production licence, PL 035, where Statoil Petroleum AS is the operator.



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