Gulf Oil and Gas accountACCOUNT

Equinor Announces New Oil Discovery on the Utsira High

Source: www.gulfoilandgas.com 6/8/2018, Location: Europe

Share |
Equinor and partners Lundin and Spirit Energy have struck oil in the PL 167 licence at the Utsira High in the North Sea. The discovery is currently estimated to contain 15-35 million barrels of recoverable oil equivalent.

“We are very pleased to announce the first Equinor discovery,” says Nicholas Ashton, Equinor’s senior vice president, Exploration, Norway & UK.

“This is a good discovery which we expect will be commercial. In addition, the results from the drilling indicate an upside potential in this discovery,” Ashton points out.

The Lille Prinsen well is located 200 kilometres west of Stavanger and north-west of the Johan Sverdrup field. The discovery in the well’s main target is estimated to contain 15-35 million barrels of recoverable oil.

There was made one additional discovery with very good reservoir quality over the main discovery, but the volume in this discovery has not been evaluated. The well also appraised the 2004 gas discovery Verdandi and the estimate of 4-11 million recoverable oil equivalent is maintained. Further work will determine whether these two shallower reservoirs can be commercially developed.

“This discovery has good quality and adds new volumes in an important area of the North Sea. We also see a substantial upside in the licence that we now aim to clarify as soon as possible together with our partners,” says Ashton.

When the full potential of the production licence has been clarified, development will be considered towards the existing infrastructure in the area.

Exploration News in Norway >>

Egypt >>  7/18/2018 - United States oil and gas producer Apache Corporation signed a $9 billion deal with Egypt's Ministry of Petroleum to explore and produce oil and gas i...
United Kingdom >>  7/16/2018 - Andalas Energy and Power Plc, the AIM listed upstream oil and gas and energy company has provided an update following the completion of its acquisitio...

Indonesia >>  7/12/2018 - Premier Oil has provided an update on recent operational activities and guidance in respect of its half year financials to 30 June 2018. ...
United States >>  7/12/2018 - In support of President Donald J. Trump's America-First Offshore Energy Strategy, Deputy Secretary of the Interior David Bernhardt announced that the ...

Ireland >>  7/11/2018 - Providence Resources P.l.c., the Irish based Oil & Gas Exploration Company, provides an update on Frontier Exploration Licence (“FEL”) 6/14 that conta...
Niger >>  7/11/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |

More News

 

Oil & Gas Companies in Norway >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.