Discovery could prolong life of North Sea Volve field

Offshore staff

STAVANGER, Norway – Statoil’s recently completed drilling campaign on the Volve field offshore Norway has proven additional oil.

Well F11-A, drilled by the jackup Maersk Inspirer on the field’s northwestern section, indicated volumes estimated at 8.8-9.4 MMbbl. If confirmed, it would double the field’s remaining reserves.

Volve is 200 km (124 mi) west of Stavanger in the southern Norwegian North Sea. Production started in February 2008, at which time the anticipated field life was four to five years.

“We are now looking at the possibility of production here lasting at least until the end of 2016,” said operations vice president Sturle Bergaas.

Partners in Volve are Statoil 59.6%, ExxonMobil E&P Norway 30.40%, and Bayerngas Norge 10%.

6/04/2013

Maersk Inspirer

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

Whitepapers

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...