Statoil and partners make oil discovery in the Barents Sea

Source: Statoil

Statoil and partners ENI and Petoro have made an oil discovery in the Kayak well in the Johan Castberg licence, that could total between 25 and 50 million barrels of recoverable oil equivalents.

Statoil and partners ENI and Petoro have made an oil discovery in the Kayak well in the Johan Castberg licence.

Totalling between 25 and 50 million barrels of recoverable oil equivalents, the discovery may provide valuable additional volumes for the Johan Castberg development. The discovery also opens other exploration opportunities in the same area.

The Kayak well has for the first time proven resources in this type of play in the Barents Sea.

Totalling between 25 and 50 million barrels of recoverable oil equivalents, development of the discovery towards the Johan Castberg field will be considered.

The “Songa Enabler” rig will now return to and complete the Blåmann well. Next, drilling at Gemini North will start. All of the necessary permits are in place, and the work can start as early as 10 July.

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