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Statoil announces small gas discovery

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LNG Industry,

Statoil has announced that, alongside partners OMV and Petoro, it has made a small gas discovery in the Gemini North well, located northeast of the Wisting discovery in the Barents Sea.

Statoil claims that the well also proved oil. The well, which was drilled in license PL 855, is the first to have been drilled in the acreage awarded in Norway’s 23rd licensing round.

Jez Averty, senior vice president for exploration in Norway and the UK, said: “The well was drilled with the ambition of proving up additional oil resources in the vicinity of the Wisting discovery, but like the previous Blåmann well, we discovered gas.

“While this well proved a non-commercial gas discovery, the results provide grounds for cautious optimism for additional potential both within this license and the Hoop Area.

“We have over time secured a significant portfolio in the Hoop-area and what we have learned from this well will be important when we plan to test some of that acreage in 2018.”

The discovery is in the Hoop area, located approximately 30 km northeast of the Wisting discovery. Recoverable volumes are estimated at 0.4 – 1 billion m3, approximately 2 – 6 million boe. In addition this this, there was proved oil, amounting to approximately 0.5 – 2 million bbl of recoverable oil.

Statoil claims that this is the third discovery of its 2017 Barents Sea exploration campaign. It follows the Kayak oil discovery, which was announced on 3 July, as well as the Blåmann gas discovery, which was announced on 17 July.

The well drilling was done by the semisubmersible drilling rig, Songa Enabler, which will now move to the Korpfjell prospect in license PL859 in the Barents Sea southeast.

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