North Sea Oil Well Disappoints Wintershall

Published at 12:16PM - 23/05/16

The Norwegian Petroleum Directorate (NPD) announced a small oil discovery and a dry well near the Vega field in the North Sea.

According to an NPD report, Wintershall Norge has completed drilling the 35/8-6S and 35/-6A wildcat wells in production licence 248 and and found a dry well in the first, while it hit a small poor-quality reservoir in the latter.

According to the operator’s preliminary estimates, the size of the discovery ranges between 7 and 35.3 million cubic feet of recoverable oil.

Wintershall disappoints in the North Sea

The wells were drilled northwest of the Vega field to prove petroleum in Late Jurassic reservoir rocks, with extensive data collection and sampling. The wells are exploration wells six and seven in production licence 248.

The wells were drilled by Borgland Dolphin, which is now heading for production licence 248 F in the North Sea to drill wildcat well 35/11-19 S, NPD informed.

Norwegian Production On The Rise

A NPD production report disclosed earlier this month reported an average production of 1.63 million barrels per day, about 3% higher than expected. This goes against the current downfall in investment in the region, which is expected to remain low until 2019.

According to the NPD, a total of 17 discoveries were made in territorial waters last year, with 82 fields in operation at the end of 2015, a 60% increase from the previous year.

Norway has recently offered new production licences to thirteen companies in its 23rd licensing round on the Norwegian Continental Shelf. Ten of these licenses are located in the Barents Sea, and are being made available for the first time since 1994.

First exploration is expected to start as early as next year.

Borgland Dolphin Rig

The Borgland Dolphin drilling rig was delivered by Harland & Wolff, Belfast, in 1977; before undergoing a major upgrade and refit at the same yard in 1999.

A midwater semisubmersible rig, Borgland Dolphin is designed to operate in maximum water depths of 1,476 feet (450m) and drill to a maximum depth of 20,000 feet (6,096m).