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Norwegian energy company Statoil made an oil and gas discovery in the North Sea in an area not previously known to hold reserves, the government said.
Using its Gullfaks C platform, the Norwegian Petroleum Directorate confirmed a discovery of oil and gas in the Gimle field, about 4 miles away from the Gullfaks field that’s already in production. The discovery was made in a so-called wildcat well, a well drilled into an area not previously known to hold reserves.
Considered a relatively minor find, the NPD estimated the size of the discovery at between 6 million and 18 million barrels of oil equivalent.
“The discovery will be produced from a subsequent development well from the Gullfaks C platform,” the NPD stated.
Overall reserves for the Gimle field were proven in December 2004 for Statoil. Ownership issues means processing there needs to be associated with Gullfaks licenses.
The Norwegian government reported production levels for February of 1.67 million barrels of oil per day and 365,000 barrels of natural gas liquids. Oil production in particular was nearly a full percentage point higher than the NPD expected for February.
Apart from Russia, Norway is one of the main suppliers of oil and natural gas for the European economy. Nearly all of its offshore production is slated for exports.
By Daniel J. Graeber / UPI
March 24, 2017 at 6:37 AM
As of January 16, 13 companies have initiated the prequalification process for Round 2.1, the shallow water exploration and extraction contract auction process that Mexico’s National Hydrocarbons Commission (CNH) intends to award in June 19 of this year. According to CNH’s website, the companies are:
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US: Chevron, Conoco Philips, Hunt Overseas Oil Company, Noble Energy.
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UK: BP, Premier Oil Exploration and Production, Shell (UK-Netherlands)
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México: Citla Energy E&P, Sierra O&G.
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Germany: Dea Deutsche Erdoel AG.
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Italy: ENI.
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Norway: Statoil.
The auction, originally planned for March 22, was postponed until June after CNH received formal requests from four interested companies. The R02-L01 process will tender 15 shallow water fields in the Gulf of Mexico, in the areas of Tampico-Misantla, Veracruz and the Southeastern Basin. The fields have an average 592 km2 area and 1,587 million boe in prospective resources. The first oil and gas production from these fields is expected to be delivered in 2020. A total of 23 companies have expressed interest in the process. The final companies that will participate in the auction will be announced by CNH on March 1.
Statoil ASA announced Wednesday that it plans to drill around 30 exploration wells in 2017, an increase of around 30 percent compared to last year.
In 2016, Statoil completed a total of 23 exploration wells as operator and partner – 14 of them on the Norwegian Continental Shelf. More than half of the wells in this year’s campaign will be drilled on the NCS, with Statoil expecting between 16 to 18 NCS exploration wells to be completed in 2017.
In Norway, a 5 to 7 well exploration campaign in the Barents Sea is said to be at the core of the activity plan. In The Norwegian Sea and the North Sea, the ambition is to prove near field volumes to prolong the productive lifetime of existing infrastructure and determine the growth potential, Statoil said.
“Taking advantage of our own improvements and changed market conditions, we have been able to get more wells, more acreage and more seismic data for our exploration investments in later years,” Tim Dodson, executive vice president for exploration in Statoil, said.
“This allows us to firm up a strong drilling program for 2017, totalling around 30 exploration wells as operator and partner. The upcoming well program is balanced between proven, well known basins and new frontier opportunities,” he added.
Internationally, Statoil’s 2017 exploration drilling activity will comprise growth opportunities in basins where Statoil is already established with discoveries and producing fields, as well as new frontier opportunities, the company said in a statement.
Partner operated wells are planned to be spudded in established basins like the US Gulf of Mexico and in in new frontier areas like Indonesia and Suriname. Statoil is also partnering in onshore exploration drilling planned in Russia and Turkey.
“The 2017 exploration plans demonstrate our long term commitment to the NCS, while we continue to position the company for global opportunities. If everything goes to plan, we will this year have exploration drilling activity in 11 countries on five continents,” Dodson said.
Copyright: Rigzone
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