Statoil reports gas discovery at Gemini North in the Barents Sea

8/7/2017

STAVANGER -- Statoil and partners OMV and Petoro have made a small gas discovery in the Gemini North well, northeast of the Wisting discovery in the Barents Sea. The well also proved oil. 

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Source: Statoil.

The well was drilled in license PL 855. This is the first well drilled in the acreage awarded in Norway’s 23rd licensing round.

“The well was drilled with the ambition of proving up additional oil resources in the vicinity of the Wisting discovery, but like the previous Blåmann well, we discovered gas,” says Jez Averty, senior V.P. for exploration in Norway and the UK. “While this well proved a non-commercial gas discovery, the results provide grounds for cautious optimism for additional potential both within this license and the Hoop Area” Averty continues.

 “We have over time secured a significant portfolio in the Hoop-area and what we have learned from this well will be important when we plan to test some of that acreage in 2018,” Averty points out.

The discovery is in the Hoop area, approximately 30 km northeast of the Wisting discovery. Recoverable volumes are estimated at 0.4-1 Bscm, approximately 2-6 MMboe. In addition, there was proved oil, amounting to approximately 0.5-2 MMbbl of recoverable oil.

This is the third discovery in Statoil’s 2017 Barents Sea exploration campaign, following the Kayak oil discovery announced on July 3 and the Blåmann gas discovery announced on July 17. The well was drilled by the Songa Enabler semisubmersible drilling rig, which will now move to the Korpfjell prospect in license PL859 in the Barents Sea southeast.

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