Norway's AkerBP has successfully completed the Froskelår main exploration well in licence 869 in the Alvheim area and has found proven oil and gas.
The Froskelår main well is part of a drilling campaign in the Alvheim area launched on the back of the exploration success at Frosk in 2018, and more exploration and appraisal wells will follow.
The wells are located about 4 km northwest of the Bøyla Field and 225 km west of Stavanger in a water depth of 120 meters.
Preliminary estimates place the size of the discovery between 63 and 132 Mbbl recoverable oil equivalent. A part of the discovery could straddle over to the UK side. The discovery could be linked to nearby existing infrastructure in the Alvheim area.
Evy Glørstad-Clark, SVP Exploration in Aker BP commented: “The exploration success at Froskelår Main is an encouraging result of a long-term strategy to unlock the exploration potential in the Alvheim area. This strategy has involved extensive data acquisition and detailed technical analysis. In parallel, we have been expanding our acreage position in the area through licensing rounds and business development activities. The Froskelår Main discovery represents a significant addition to the resource base in the Alvheim area. The discovery also illustrates the significant resource potential yet to be uncovered on the Norwegian Continental Shelf.”
Aker BP is the operator and holds 60 per cent interest in licence 869. The partners are Lundin Norway (20 per cent) and Vår Energi (20 per cent).