Statoil Unlocks Gas in Norwegian Sea

Statoil struck gas in an exploration well, 6407/2-6 S, north of the Mikkel field in the Norwegian North Sea. Drilled by the Ocean Vanguard semisub in a water depth of 830 feet (253 meters), the well was drilled to a vertical depth of 10,387 feet (3,166 meters), completing in the Lower Jurassic Are formation. The gas deposit confirmed the existence of gas with a small oil column in the Tilje formation. Data is being gathered, but preliminary estimates of the find's size suggest it holds between 2 and 4 million standard cubic meters of recoverable oil equivalent reserves. Several development options are being considered, but the operator is considering tying the discovery back to existing infrastructure on the Asgard field. Statoil serves as the operator of Production License 473, holding a 40.85% interest; Eni Norge holds 29.40%; Petoro AS holds 19.95%; and ExxonMobil Exploration and Production Norway AS holds the remaining 9.80%.

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