TRONDHEIM, Norway – Statoil has proved more oil near the Krafla structure in the Norwegian North Sea, according to partner Det norske oljeselskap.
An exploration well on the Krafla North prospect in 105 m (344 ft) of water encountered an 80-m (262-ft) oil column in the Tarbert formation and a 20-m (66-ft) oil column in the Etive formation.
The location is in a downfaulted segment, 1.6 km (1 mi) north of the Krafla discovery well 30/11-8 S drilled in 2011.
Preliminary estimates indicate 6-19 MMboe recoverable.
On completion of the current well, the 30/11-10 A side track will be drilled on Krafla Main.