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Statoil and partners make oil discovery in Barents Sea

Statoil and partners make oil discovery in Barents Sea

Jul 03, 2017
3 min read
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Statoil said Monday it has made an oil discovery at the Kayak well in the Barents Sea within the licence of Johan Castberg oil find.

Norway’s state oil firm, with Petoro and Italy’s Eni made the find of between 25 million and 50 million barrels of recoverable oil equivalents, Statoil said in a statement.

They are now considering appraising the discovery for further development options for Johan Castberg field or exploring opportunities in the same area.

The Kayak well has for the first time proven resources in this type of play in the Barents Sea.

“We are very pleased to have made a good discovery in our first completed well in the Barents Sea this year. We are particularly pleased to have proven resources in a type of play that has not been explored before. This opens interesting opportunities,” said Jez Averty, senior vice president for exploration, Norway and the UK.

 “Efforts will be made to find a commercial solution for the Kayak discovery towards the Johan Castberg licence, and to bring out other similar prospects in the Barents Sea,” Averty added.

Totalling between 25 and 50 million barrels of recoverable oil equivalents, development of the discovery towards the Johan Castberg field will be considered. 

“There may be additional resources in this structure, and we will now analyse the acquired data and consider possible appraisal of the discovery,” said Jez Averty.

The “Songa Enabler” rig will now return to and complete the Blåmann well. Next, drilling at Gemini North will start. All of the necessary permits are in place, and the work can start as early as 10 July.

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