Operator Statoil and its partners in PL169 have proved new oil resources in the D-structure in the vicinity of the Grane Field in the North Sea, the company said in a press release.
Well 25/8-18 S proved an oil column of 25 m (82 ft) in the Heimdal Formation. The estimated volume of the discovery is in the range of 30 MMbbl to 80 MMbbl of recoverable oil.
The D-structure is located on the Utsira High, just 7 km (4.3 miles) north of the Grane Field and in the immediate proximity of the Grane F oil discovery made by Statoil in 2013. The D-structure was originally penetrated in 1992 by well 25/8-4, which encountered just 1 m (3.3 ft) of oil corresponding to about 6 MMbbl.
Exploration well 25/8-18 S is located in PL169 in the North Sea. Statoil is operator with an interest of 57%. The partners are Petoro AS (30%) and ExxonMobil Exploration & Production Norway AS (13%).
Recommended Reading
Sempra Targets Summer 2025 for Commercial Start of ECA LNG Phase 1
2024-03-06 - Sempra is targeting the summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul LNG Phase 1 project, located in Ensenada in Baja California, Mexico.
Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption
2024-04-17 - With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.
Heard from the Field: US Needs More Gas Storage
2024-03-21 - The current gas working capacity fits a 60 Bcf/d market — but today, the market exceeds 100 Bcf/d, gas executives said at CERAWeek by S&P Global.
API Gulf Coast Head Touts Global Emissions Benefits of US LNG
2024-04-01 - The U.S. and Louisiana have the ability to change global emissions through the export of LNG, although new applications have been frozen by the Biden administration.
ARC Resources Adds Ex-Chevron Gas Chief to Board, Tallies Divestments
2024-02-11 - Montney Shale producer ARC Resources aims to sign up to 25% of its 1.38 Bcf/d of gas output to long-term LNG contracts for higher-priced sales overseas.