Italy's Eni has found oil in the licenses PL128/128D in the Norwegian Sea.
The discovery was made with the well 6608/10-17S drilled in 374 meters of water depth approximately 5 km north of the Norne FPSO (Floating Production, Storage and Offloading) unit in the northern part of the Norwegian Sea, and approximately 170 km from the coast.
The well encountered 28 meters of oil and gas in two levels with good reservoir properties in the Cretaceous sandstones of the Cape Vulture prospect. Preliminary estimate of the size of the discovery ranges between 70 and 200 million barrels of oil in place, with a further additional potential to be evaluated.
Eni said that the well will be permanently plugged and abandoned after an extensive data collection and sampling.
Statoil is the operator of the licenses with 63.95 per cent together with Petoro, which controls 24.55 per cent, and Eni, which controls 11.5 per cent.