ConocoPhillips made an oil discovery in the Norwegian Sea north of the Heidrun field, the country's Petroleum Directorate (NPD) said on Dec. 22.
The discovery is estimated to hold between 76 million and 201 million barrels of recoverable oil equivalent, and could potentially be developed by using the existing infrastructure in the area, the NPD said.
ConocoPhillips has an 80% stake in the license where the well was drilled, while privately held Pandion Energy holds the remaining 20% stake.
It was the second petroleum discovery made by ConocoPhillips in the Norwegian Sea in two months. In November, the U.S. firm found natural gas southwest of the Skarv field.
In this case study, Gyrodata explains how a “first-of-its-kind” solid-state gyro-while-drilling system drove efficiency and wellbore placement improvements for an offshore oil and gas operator in the North Sea.
The agreements are awarded on behalf of Equinor-operated licenses on the NCS and onshore plants in Norway, and on behalf of Gassco as the operator for the Kollsnes and Kårstø gas processing plants.
Here’s an overview of the initial steps needed to investigate the feasibility of a carbon sequestration project by Steve Hendrickson, president of Ralph E. Davis Associates, an Opportune company.