Equinor and companions ExxonMobil, Idemitsu and Neptune have found oil and gasoline in exploration nicely Echino South, 35/11-23, by the Fram subject within the North Sea. Recoverable sources are estimated at 6-16 million commonplace cubic metres of oil equal, comparable to 38-100 million barrels of oil equal.
“We are making certainly one of this 12 months’s largest discoveries in essentially the most mature space of the Norwegian continental shelf (NCS), not removed from the Troll subject. This demonstrates the alternatives that also exist for worth creation and income from this business,” says Nick Ashton, Equinor’s senior vp for exploration in Norway and the UK.
Adding significantly to the sources on this a part of the North Sea, the invention will in all probability be tied again to present infrastructure. Further information of the world and new knowledge investments have elevated our confidence within the exploration alternatives on this a part of the northern North Sea.
“After greater than 50 years of geological surveys on the NCS, we’re nonetheless studying one thing new and discovering hydrocarbons the place we beforehand thought there have been none. By using present infrastructure, these sources could also be recovered at good profitability and with low CO2 depth,” says Ashton.
Exploration nicely 35/11-23, Echino South, was drilled three.2 kilometres south-west of the Fram subject. The main exploration goal was to show petroleum within the higher Jurassic reservoir of the Oxfordian age (Sognefjord formation).
The nicely was not formation examined, nonetheless, in depth quantities of knowledge have been acquired. Well 35/11-23 was drilled to a vertical depth of 2947 metres beneath sea stage. Water depth is 350 metres.
The nicely might be completely plugged and deserted after sidetrack 35/11-23 A has been drilled. The nicely was drilled by the Deepsea Atlantic drilling rig, which is able to drill manufacturing wells on the Askeladd North subject in manufacturing licence 064 after it has accomplished the sidetrack.
(Source: Equinor – Image: Deepsea Atlantic/Odfjell Drilling)

The put up EQUINOR – ECHINO SOUTH WELL HITS GAS NEAR FRAM FIELD appeared first on Energy Global News.

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