Aker BP Makes Oil Discovery Offshore Norway
Aker BP revealed Friday that it has made an oil discovery through the Liatarnet exploration well in license 442, which is located in the NOAKA area offshore Norway.
In a company statement posted on its website, the company said the well “proved oil with a gross resource estimate of 80 to 200 million barrels of oil equivalent”. Aker BP stated that further data acquisition and analysis will be undertaken to determine a “drainage strategy and recovery factor”.
After the company completes the well, a more detailed technical description of the well results will be released by the Norwegian Petroleum Directorate, Aker BP highlighted.
“The exploration success at Liatarnet is an encouraging result of a long-term strategy to unlock the exploration potential in the NOAKA area and provide the basis for an area development,” Evy Glorstad-Clark, Aker BP’s senior vice president of exploration, said in a company statement.
“The discovery represents a significant addition to the NOAKA resource base,” the Aker BP representative added.
Aker BP is the operator of license 442 with a 90.26 percent interest. Its partner is LOTOS, which holds the remaining 9.74 percent stake.
Last month, Lundin Petroleum AB revealed that its wholly owned subsidiary, Lundin Norway AS, had made two oil discoveries on the eastern edge of the Edvard Grieg field, offshore Norway, in PL338.
During the same month, Equinor, and its partners Ineos E&P and Faroe Petroleum, made an oil and gas discovery in the Norwegian Sea through the Snadd Outer Outer/Black Vulture exploration well.
WHAT DO YOU THINK?
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.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension