Further find for Statoil in Oseberg area

Offshore staff

STAVANGER, Norway -- Statoil has proven oil and condensate in the Krafla West prospect in the North Sea.

Exploration well 30/11-8 A – the seventh in production license 035 – was drilled by the semisub Ocean Vanguard in 108 m (354 ft) of water, 26 km (16 mi) southwest of the Oseberg South field. According to the Norwegian Petroleum Directorate, the well was drilled on a separate structure just west of wildcat 30/11-8 S, which brought last month’s Krafla discovery.

A gross oil column of 140 m (459 ft) and a gross condensate column of 160 m (525 ft) were encountered in the Tarbert formation with reservoir quality as expected. However, the secondary exploration target in the Ness formation was water-filled.

The gas/oil ratio is 574 cu m/cu m in the oil column and 2,230 cu m/cu m in the condensate column. Initial analysis suggests around 12.6-37.7 MMboe recoverable.

“Through the discoveries in Krafla and now Krafla West, we’ve proven reserves of 50-75 MMboe,” said Gro Gunleiksrud Haatvedt, Statoil’s senior vice president for the North Sea in the Exploration business area. “This must be considered a very substantial figure in a near-field context….

“Discoveries with both wells indicate that we’ve understood how the hydrocarbon systems in this area function.”

Statoil will consider a fasttrack development of both finds via tie-backs to infrastructure in the Oseberg area will be considered.

Ocean Vanguard now heads to PL 569 in the central North Sea to drill Statoil’s 16/7-10 wildcat.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...