New Oil Discovery in Kayak Well for Statoil

Statoil and partners Eni and Petoro have made an oil discovery in the Kayak well in the Johan Castberg licence, in the Barents Sea, offshore Norway.

Totaling between 25 and 50 million barrels of recoverable oil equivalents, the discovery may provide valuable additional volumes for the Johan Castberg development, Statoil said.

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.

The Songa Enabler rig will now return to and complete the Blåmann well, following which the drilling at Gemini North will start.