Statoil finds more oil in Krafla area offshore Norway

Offshore staff

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.

The partners in the PL 035 and PL 272 licenses will evaluate the latest find in connection with the earlier Krafla and Askja discoveries. Total reserves could be in the 75-143 MMboe range.

On completion of the current well, the 30/11-10 A side track will be drilled on Krafla Main.


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


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...