Significant Gas and Condensate Discovery in the North Sea

(Press Release)
Monday, July 02, 2012
The jack-up rig Maersk Gallant. (Photo: Ole Jørgen Bratland / Statoil)

Statoil has made a significant gas and condensate discovery in the King Lear prospect in the southern part of the Norwegian North Sea along with its partner Total E&P Norge.

Exploration well 2/4-21 drilled by the jack-up rig Maersk Gallant in production licences 146 and 333, has proven a 48-metre gas/condensate column in the main bore 2/4-21 and an additional 70-metre gas/condensate column in the side-track 2/4-21A. Statoil estimates the total volumes in King Lear to be between 70 and 200 million barrels of recoverable oil equivalent (o.e.).

Gro Gunleiksrud Haatvedt , senior vice president exploration Norway in Statoil. “Statoil had earlier defined King Lear as a potential high-impact prospect. The drill results confirm our expectations and show once again that the Norwegian continental shelf still delivers high value barrels,” says Gro Gunleiksrud Haatvedt , senior vice president exploration Norway in Statoil.

Data acquisition is currently being finalised in the sidetrack. As King Lear is a high-pressure, high-temperature well, special attention is given to ensuring safe drilling operations. The King Lear discovery is an important contribution to Statoil’s corporate strategy of revitalising the NCS with high-value barrels.

“King Lear lies approximately 20 kilometres north of the Ekofisk field. It is encouraging to see that this part of the Norwegian continental shelf – home to the first commercial oil find in Norway – is still delivering significant discoveries,” says Haatvedt.

“This reinforces our faith in the exploration potential of the Norwegian continental shelf. Not only does it have a proud past, but also an exciting future,” she adds.

Statoil will plan for appraisal drilling of the discovery as well as exploration drilling on other interesting prospects in the licences.

Going forward, Statoil as operator will look into an optimal development solution for King Lear and evaluate if the discovery should be developed as a stand-alone or as a tie-in to infrastructure in the area. This area, normally considered an oil province, may on the basis of this discovery and other gas resources form the basis for future gas development.

Wells 2/4-21 and 2/4-21 A are the eleventh and twelfth wells drilled in production licence PL146. Well 2/4-21 was drilled to a vertical depth of 5,344 metres below sea level in 67 metres of water, while well 2/4-21 A was drilled to a vertical depth of 5,237 metres below sea level.

Statoil is operator for production licences PL146 and PL333 with an ownership share of 77.8%. The licence partner is Total E&P Norge (22.2%).

The King Lear discovery is the eighth high-impact* discovery made by Statoil over the last 15 months. The other high-impact discoveries are Zafarani and Lavani in Tanzania, Skrugard and Havis in the Barents Sea, Johan Sverdrup (formerly Aldous/Avaldsnes) in the North Sea, and Peregrino South and Pão de Açúcar (non-operated) in Brazil.

* High impact = > 100 million barrels of o.e. net for Statoil or > 250 million barrels o.e. in total.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

CFE to Lift Eight LNG Cargoes

Mexican state-owned utility CFE has bought eight cargoes of liquefied natural gas (LNG), four traders said. Swiss trading house Trafigura was awarded the bulk of the volume,

‘Maritime Spectrum’ of CMMI a Big Draw

For The Company of Master Mariners of India, the conference “Maritime Spectrum” that comes at the turn of each year has become a brand in itself, and each one

ms Veendam Rescues Pilot Off Maui Coast, Hawaii

On Sunday, Jan. 25, 2015, at 5:21 p.m. local time while en route to Lahaina, Hawaii, Holland America Line’s ms Veendam answered a request for assistance from

Offshore

Panama Flag Approval for Seagull

Seagull Maritime has become the first overseas company to secure training centre approval from the Panama Maritime Authority following the PMA’s 2014 change of leadership.

New Chemical Handling Service from Ferguson Group

Tank, Fluid Solutions and Bunded Storage for Dangerous Goods and Chemicals Introduced at Gap Ridge, Karratha.    Ferguson Group Australia, global specialist in offshore DNV 2.

InterMoor Completes Juniper Mooring Installation Contract

InterMoor has completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago, reportedly the largest foundation

Energy

CFE to Lift Eight LNG Cargoes

Mexican state-owned utility CFE has bought eight cargoes of liquefied natural gas (LNG), four traders said. Swiss trading house Trafigura was awarded the bulk of the volume,

Britain to Ban Fracking in National Parks

Britain said on Monday it would ban fracking in national parks, reversing a policy announced last year, in a concession to the opposition Labour Party which had

Libya Forces Tanker Away from Supplying Rival Government

Libya's recognized government said it forced a tanker from delivering fuel to its rival administration, diverting the vessel to its own territory by threatening an air attack on it.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2550 sec (4 req/sec)