Statoil Makes Gas Find in North Sea

Statoil has discovered gas/condensate in wildcat well 16/7-10 in Production License 569, in the Norwegian sector of the North Sea. The purpose of the well was to determine petroleum in Paleocene reservoir rocks.

Well 16/7-10 encountered a thin gas/condensate column in a 377-foot (115-meter) thick reservoir. The operator will evaluate the discovery along with other nearby discoveries.

Drilled by the Ocean Vanguard semisub, the well reached a vertical depth of 8,159 feet (2,487 meters) and terminated in the Shetland group in the Upper Cretaceous. A formation test was not conducted, but Statoil gathered data. The well will be permanently plugged and abandoned. 

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