Statoil Makes Offshore Oil Discovery In North Sea

Published at 10:38AM - 04/09/15

Norwegian oil and gas major, Statoil, has announced the discovery of oil in the North Sea, offshore Bergen.

The oil discovery was made during the drilling of a well in licence block 104, 1 of 26 wells to have been drilling in the licence block.

Early estimates put the discovery ranging 6 – 12 million barrels (1 – 2 million Sm3) of oil equivalent. Statoil have said the well encountered a 111 ft (34m) oil column, with the oil encountered 10,636 ft (3,242m) below sea level.

Norwegian government body, the Norwegian Petroleum Directorate, have said the discovery is likely to be developed along with the Oseberg Delta 2 project, a further Statoil operated development with approximately 77 million barrels of oil equivalent.

The well was drilled with the semi-submersible drilling rig Songa Delta. Since discovery, the oil well has been plugged and permanently abandoned. The Songa Delta will now move on to drill a development oil well also in licence block 104.