Statoil drills successful appraisal well in Johan Sverdrup oil field

11/7/2012

Statoil drills successful appraisal well in Johan Sverdrup oil field

BY KJETIL MALKENES HOVLAND

STAVANGER -- Statoil has drilled another successful appraisal well in the vast Johan Sverdrup oil field in the North Sea. The primary target of appraisal well 16/2-14 in the northwestern section of the discovery was to examine the thickness and properties in Upper Jurassic reservoir rocks near the top of the Johan Sverdrup structure.

The Johan Sverdrup discovery, proven in 2010, is estimated to contain at least 1.8 Bboe, according to the Norwegian Petroleum Directorate. The well encountered a 30-m oil column in Upper Jurassic reservoir rocks. "Well 16/2-14 confirms that this part of the Johan Sverdrup field has the same exceptionally good reservoir with about 30 m being oil saturated," said Gro Haatvedt, Statoil's senior vice president exploration Norway.

This is the ninth exploration well in production license 265, and was drilled to a vertical depth of 1,960 m below the sea surface at a water depth of 113 m. The Johan Sverdrup discovery is operated by Statoil with a 40% stake. Lundin Petroleum has a 10% stake, Det norske oljeselskap 20% and Petoro 30%.

Dow Jones Newswires

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