STAVANGER, Norway – Equinor has found more oil in the Oseberg area of the Norwegian North Sea, and plans a fasttrack development.
The newbuild jackup Askepott drilled the well as part of the Oseberg Vestflanken Phase 2 project and proved a 112-m (367-ft) oil column in the Statfjord formation in southern parts of the Alpha structure, a segment not previously tested.
Equinor will put the 30/6-H-9-T4 well onstream quickly via the unmanned, remotely-operated H platform on the Oseberg field.
Reservoir characteristics are said to be good with high oil saturation, and the company estimates recoverable resources at 22 MMbbl.
The partners will also consider water injection to further increase recoverable volumes.
“We are combining drilling of exploration and production wells to achieve highly profitable exploration wells at low cost,” said Gunnar Nakken, Equinor’s vice president for the operations west cluster.
At the end of 2017, Oseberg was the third largest oil producer on the Norwegian shelf, the company added, having produced around 2.9 Bbbl.
The current target is 3.1 Bbbl during the field’s lifetime.