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Statoil and partners make gas discovery in Barents sea

BY DOMINIC CHOPPING
 
STAVANGER -- Statoil said that together with Eni and Petoro, they have made a gas discovery in the Iskrystall prospect in the Barents Sea.
 
Well 7219/8-2, drilled by the drilling rig West Hercules, has proved an 200 m gas column and Statoil estimates the volumes in Iskrystall at 6-25 MMboe.

Iskrystall was the second of the four prospects to be drilled in the Johan Castberg area this year with the aim of proving additional volumes for the Johan Castberg field development project.  The first prospect Nunatak resulted in a small gas discovery.

"Our main goal was to find oil in Iskrystall, but unfortunately it did not materialize," says Gro G. Haatvedt, senior vice president exploration Norway. "We still believe we can prove more oil resources in the Johan Castberg area and will continue our exploration effort with two more wells in the Skavl and Kramsno prospects."

Statoil is operator for production licence 608 with an ownership share of 50%. The licence partners are Eni 30% and Petoro 20%.

Dow Jones Newswires

09/23/2013

 

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