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Statoil discovers small oil well in North Sea

23rd March 2012

Up to 18m barrels of oil could be recovered from a unit in the North Sea

Oil found in North Sea unit run by Statoil

Norwegian energy giant, Statoil, has made a small oil discovery in the North Sea. Recoverable oil could be in the range of 12-18m barrels of recoverable oil equivalents, said the company on 22 March.

Statoil and its partners are in the process of finishing drilling operations in an exploration well in the Oseberg Area Unit.

The well, drilled by the rig COSL Pioneer, proved an oil column of 12m in the Statfjord Formation.
“The oil discovery is located beneath the Oseberg field and is a good candidate to be connected to the Oseberg production facilities. These could be fast and high-value barrels for the partnership,” said Knut Henrik Dalland, vice president Operations Oseberg.

The oil discovery lies in the Crimp prospect, which was the secondary exploration target for the companies. The primary target was the Crux prospect that Statoil earlier determined as a high impact gas opportunity. No hydrocarbons were later found present in the prospect. 

“Even though our high impact opportunity has not materialised, we have delivered some valuable additional resources to the Oseberg Unit,” said Tore Løseth, vice president Exploration Licenses North Sea.

After completion of the exploration well “30/6-28S”, the COSL Pioneer drilling rig will move to the Glitne field.

Exploration well 30/6-28S is situated in the production license PL053 in the Oseberg Area Unit in the North Sea. Statoil is the operator and has a 49.3 % interest. Other partners include Petoro AS, with 33.6 % stake, Total E&P Norge AS, with a 10.0 per cent stake and, ExxonMobil E&P Norway AS with 4.7 per cent.

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