Equinor and companions Var Energi and Petoro have struck oil in exploration effectively 7220/7-Four in manufacturing licence 532 within the Barents Sea. Recoverable assets are to date estimated at between 5 and eight million normal cubic metres of recoverable oil, equivalent to 31 – 50 million barrels of recoverable oil.
“Succeeding within the Barents Sea requires perseverance and a long-term perspective. This discovery strengthens our perception within the alternatives that exist, not least across the Castberg, Wisting, Snøhvit and Goliat areas,” says Nick Ashton, Equinor’s senior vp for exploration in Norway.
The effectively was drilled about 10 kilometres southwest from the effectively 7220/Eight-1 on the Johan Castberg discipline, and 210 kilometres northwest of Hammerfest.
Equinor has been energetic within the Barents Sea because it was opened greater than forty years in the past. Exploration effectively 7220/7-Four is the primary of 4 deliberate exploration wells for Equinor within the Barents Sea this yr (as operator or companion).
“Equinor has been creating sturdy specialist communities for exploration, growth and operations in Harstad and Hammerfest over a few years. The follow-up of this discovery could strengthen this work,” says Ashton.
The effectively struck 109 metres of oil within the Stø and Nordmela formations. The prime reservoir was encountered at a vertical depth of 1788 metres beneath sea stage. The anticipated fuel cap was not encountered within the effectively.
The effectively was not formation examined, however in depth knowledge acquisition and sampling came about.
Further growth of the invention in the direction of the deliberate infrastructure for the Johan Castberg discipline can be thought of at a later stage. The confirmed assets could thus generate vital further worth and tax revenues for society from the Johan Castberg discipline.
This is the eleventh exploration effectively in manufacturing licence 532. The licence was awarded within the 20th licensing spherical in 2009.
The effectively was drilled to a vertical depth of 2080 metres beneath sea stage and accomplished within the Tubåen formation from the Early Jurassic interval in 351 metres of water. The effectively has now been completely plugged and deserted.
Well 7220/7-Four was drilled by the Transocean Enabler drilling rig, which is able to now return to and proceed drilling on the Equinor-operated Johan Castberg discipline.
(Source and picture: Transocean Enabler/Jan Arne/Equinor)
The put up EQUINOR DISCOVERS OIL NEAR JOHAN CASTBERG IN THE BARENTS SEA appeared first on Energy Global News.