Havis confirms emerging oil play in Barents Sea

Jan. 9, 2012
Statoil has discovered more oil and gas close to last year’s Skrugard find in the Norwegian sector of the Barents Sea.

Offshore staff

STAVANGER, NorwayStatoil has discovered more oil and gas close to last year’s Skrugard find in the Norwegian sector of the Barents Sea.

Well 7220/7-1 was drilled by the semisub rig Aker Barents on the Havis prospect in 350 m (1,148 ft) water depth.

The location was 7 km (4.3 mi) southwest of Skrugard in the same PL 532 license, awarded in 2009 under Norway’s 20th licensing round. The well encountered a 48-m (157-ft) gas column in the Stø formation and a 128-m (420-ft) oil column in the Stø and Nordmela formations.

Statoil estimates recoverable volumes in the range 200-300 MMboe. Its total estimate for Skrugard and Havis is in the region of 400-600 MMboe.

President and CEO Helge Lund said Skrugard and Havis had opened up “a new petroleum province in the North.”

Statoil says that Havis is an independent structure, with no communication evident between the two discoveries.

The company next plans to drill an appraisal well on Skrugard discovery and assess further upside potential in the license. It is already drawing up plans for a new production complex in the area with processing and transport capacity.

01/09/2012