Results From Johan Castberg Test: Recoverable Reserves Are 12-25 MMbbl Of Recoverable Oil
Drilling Activity Details
Locations
Norway
Operators
Post Date
Shore Type
Well Name
#7220/5-3 Skruis
Geo Coordinate
Drilling Activity Summary
Description
Equinor completed #7220/5-3 Skruis exploration well in the Johan Castberg license in the Norwegian sector of the Barents Sea, confirming the discovery of 12-25 MMbbl of recoverable oil. Four wells are left in the program in this part of the Barents Sea and production could be tied into the Johan Castberg Field, which is set for startup in 2022. Recoverable reserves in Johan Castberg are estimated at 450-650 MMbbl of oil and the volumes from Skruis 2017 are not included in this estimate. Stavanger-based Equinor is the operator of PL532, Block 7220/5, and the Skruis discovery well with 50% interest in partnership with Eni, with 30%, and Petoro with the remaining 20%.
Description
Equinor completed #7220/5-3 Skruis exploration well in the Johan Castberg license in the Norwegian sector of the Barents Sea, confirming the discovery of 12-25 MMbbl of recoverable oil. Four wells are left in the program in this part of the Barents Sea and production could be tied into the Johan Castberg Field, which is set for startup in 2022. Recoverable reserves in Johan Castberg are estimated at 450-650 MMbbl of oil and the volumes from Skruis 2017 are not included in this estimate. Stavanger-based Equinor is the operator of PL532, Block 7220/5, and the Skruis discovery well with 50% interest in partnership with Eni, with 30%, and Petoro with the remaining 20%.