Norway-based Aker BP said it has discovered oil and gas at the exploration well in the Alvheim area in the North Sea’s
While drilling at the Froskelar Main project, the initial analysis of the discovery shows reserves to be estimated between 45 million and 153 million barrels of oil equivalent, Aker BP said in a statement.
The major part of the discovery is in licence 869 on the Norwegian Continental Shelf, while a part may straddle the UK-Norwegian border in the North Sea, the company said. Froskelår Main is located in the Alvheim area and follows the Frosk discovery from last year.
“The drilling operation will continue, and a comprehensive data collection program will be performed to determine the size and quality of the discovery,” Aker said.
Aker BP is the operator and holds 60 per cent interest in licence 869, along with Lundin Norway (20 per cent) and Vår Energi (20 per cent).