Statoil Touts Third Discovery in Flemish Pass Basin Offshore Canada
Statoil has made a third discovery of crude oil in the Flemish Pass Basin offshore Newfoundland.
The discovery was made on the Bay du Nord prospect (EL1112), located approximately 311 miles (500 kilometers) northeast of St. John’s, Newfoundland and Labrador, Canada.
This discovery is the second discovery for Statoil offshore Newfoundland this year. In June, a discovery was made at the Harpoon prospect, which is located approximately 6.2 miles (10 kilometers) from Bay du Nord.
“The success of Bay du Nord is the result of an ambitious and targeted drilling campaign in the Flemish Pass Basin,” says Statoil Exploration executive vice president Tim Dodson. “This discovery is very encouraging.”
Dodson explains that as the volumes of both the Bay du Nord and Harpoon wells continue to be evaluated, Statoil is developing a greater understanding of the geology and potential of the basin.
“The Flemish Pass Basin is a strategic part of Statoil’s global exploration portfolio. We are now planning to return to the area for further appraisal drilling in the future,” says Dodson.
The Bay du Nord and Harpoon wells were drilled by the rig West Aquarius (UDW semisub), both in approximately 3,609 feet (1,100 meters) of water.
Bay du Nord is located about 12 miles (20 kilometers) south of Statoil’s Mizzen discovery. The Mizzen discovery, announced in 2010, is estimated to hold between 100-200 million barrels of oil.
Statoil is the operator of Bay du Nord and Harpoon with a 65 percent interest. Husky Energy has a 35 percent interest.
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