Norway: Statoil Hits Dust in the North Sea

Business & Finance

Statoil Petroleum AS, operator of production licence 269, has completed the drilling of wildcat well 35/1-2 S. The well was dry.

The well is located about twelve kilometres west of the earlier Peon discovery in the North Sea.

The purpose of the well was to prove petroleum in early Jurassic reservoir rocks (the Cook formation). The secondary exploration target was to prove petroleum in the Lista formation from the Paleocene Age.

The primary target encountered early Jurassic reservoir rocks with reservoir quality as projected, but which were water-bearing. The Lista formation consisted of claystone with limestone veins, and no reservoir rocks were encountered.

The well is the second exploration well in production licence 269. The production licence was awarded on 27 April 2001, in the North Sea Awards 2000.

The well was drilled to a vertical depth of 4099 metres below the sea surface, and was terminated in the Statfjord formation from the early Jurassic Age.

Water depth in the area is 410 metres. The well will now be permanently plugged and abandoned.

Well 35/1-2 S was drilled by the Transocean Leader drilling facility , which will now proceed to production licence 303 in the North Sea to drill wildcat well 15/6-12, where Statoil Petroleum AS is the operator.

Statoil Petroleum AS is the sole licensee in production licence 269 with an ownership interest of 100 per cent.

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Source:Ptil, December 17, 2010;