Norway’s Equinor and its partners have discovered gas and condensate in the 30/2-5 S Atlantis exploration well in the North Sea, the company said in a news release July 8.
Drilled by the West Hercules drilling rig about 17 km south of the Kvitebjørn Field, the well aimed to prove hydrocarbons in the Middle Jurassic reservoir of the Brent Group. It hit about a 160-m gas column, of which 60 m was effective Middle Jurassic reservoir rock, according to Equinor.
Though the well was not formation tested, Equinor said extensive amounts of data and samples were taken. The company put proven reserves at between 3 and 10 million standard cubic meters of recoverable oil equivalent based on preliminary estimates.
“It is encouraging to see that we are able to keep proving more resources in one of the most mature areas on the Norwegian continental shelf,” Nick Ashton, Equinor’s senior vice president for exploration in Norway and the U.K., said in the release. “Now we will work on evaluating the potential for profitable and CO2 efficient recovery.”
The company said poor to satisfactory reservoir quality was encountered in the Ness, Etive and Tarbert formation, while the Rannoch formation had poor reservoir quality.
The well, drilled to a depth of 4,359 m below sea level, was the first exploration well drilled in production license 878 offshore Norway. Partners are Equinor Energy AS (60%), Source Energy (20%) and Wellesley Petroleum AS (20%).
Water depth in the area is 142 m. Equinor said the rig will move on to drill the Swisher prospect in production license 248C.
Recommended Reading
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter
2024-02-02 - Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
Uinta Basin: 50% More Oil for Twice the Proppant
2024-03-06 - The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.