Vasr Energi Confirms Oil, Gas at Exploration Wells King, Prince in Balder Field
Drilling Activity Details
Drilling Activity Summary
Description
Var Energi has confirmed oil and gas at the King and Prince exploration wells. The wells are about 6 km north of Balder Field. Preliminary estimates for the discoveries are 6-135 MMbbl (recoverable). The Prince well was drilled in PL 027, and it encountered a 35-m oil column in Triassic Skagerrak with good to moderate reservoir sandstones. The King well hit a gas column of about 30 m and a light oil column of about 55 m with excellent reservoir properties. An additional King appraisal sidetrack further confirmed a 4-m gas column and an oil column of about 55 m with excellent reservoir quality. The operator is Stavanger-based Var Energi with 90% interest and Mime Petroleum with 10% interest. Plans will be made for tie-in to the existing infrastructure in the Balder area.
Var Energi has confirmed oil and gas at the King and Prince exploration wells. The wells are about 6 km north of Balder Field. Preliminary estimates for the discoveries are 6-135 MMbbl (recoverable). The Prince well was drilled in PL 027, and it encountered a 35-m oil column in Triassic Skagerrak with good to moderate reservoir sandstones. The King well hit a gas column of about 30 m and a light oil column of about 55 m with excellent reservoir properties. An additional King appraisal sidetrack further confirmed a 4-m gas column and an oil column of about 55 m with excellent reservoir quality. The operator is Stavanger-based Var Energi with 90% interest and Mime Petroleum with 10% interest. Plans will be made for tie-in to the existing infrastructure in the Balder area.