Small oil discovery near Norne field

8/15/2013

Small oil discovery near Norne field

STAVANGER -- Statoil Petroleum AS, operator for production licence 159 C, is in the process of completing the drilling of wildcat well 6507/3-10. Drilled about 12 km south of Norne field in the Norwegian Sea, the well's purpose is to prove petroleum in reservoir rocks of the Middle and Early Jurassic Age (Fangst and Båt group).

The well encountered a 10-m net oil column in the Middle Jurassic (the Garn formation), with reservoir characteristics as expected. In addition, oil was encountered in a 2-to-3-m thin sand layer, in the upper part of the Tilje formation. A preliminary estimate of the discovery's size is under 1 MM cu m of recoverable oil. Analyses will be made of the discovery to assess its commerciality. The well was not formation-tested, but extensive data acquisition and sampling have been carried out. This is the first exploration well in Production Licence 159 C, which was awarded in February 2008.

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