Tullow Oil: Discovery Made in Cara Prospect Offshore Norway

Tullow Oil Norge AS announced Friday that an oil and gas discovery has been made in the Cara prospect offshore Norway.

Located in license 636, the well encountered a gas column of 167 feet and an oil column of 196 feet. Extensive data acquisition was undertaken, including wireline logging and three successful core runs, as well as a successful production test.

The operator of the license, ENGIE E&P Norge AS estimated that the find could hold between 25 and 70 million barrels of oil equivalent. The partners in control of the discovery will now evaluate the possibility of linking this discovery to existing infrastructure at the nearby Gjøa field.

ENGIE E&P Norge AS holds a 30 percent stake in license 636. Tullow Oil Norge AS holds a 20 percent interest, as does Wellesley Petroleum AS, and Idemitsu Petroleum Norge holds the remaining 30 percent interest.