TANANGER, Norway – ConocoPhillips Skandinavia has discovered a potentially large oil field in the Norwegian Sea.
The Slagugle prospect, drilled by the semisubmersible Leiv Eiriksson in 355 m (1,165 ft) of water and to a TD of 7,149 ft, is 14 mi (23 km) north-northeast of the Heidrun field in production license 891.
Pandion Energy is the other partner.
According to the Norwegian Petroleum Directorate, the well encountered a total oil column of 270 m (886 ft) in the Åre formation and ‘Grey Beds,’ of which 90 m (295 ft) are sandstone layers with generally good reservoir properties.
Early analysis suggests 75-200 MMboe recoverable. The partners sanctioned extensive data acquisition and sampling in the 6507/5-10 discovery well, and plan follow-up appraisal activity to determine potential flow rates, the reservoir’s ultimate resource recovery, and development possibilities.
“This discovery marks our fourth successful exploration well on the Norwegian continental shelf in the last 16 months,” said Matt Fox, executive vice president and COO of parent company ConocoPhillips. “All four discoveries have been made in well-documented parts of the North Sea and the Norwegian Sea and offer very low cost of supply resource additions that can extend our more than 50-year legacy in Norway.”
The Leiv Eiriksson is now heading to a shipyard in Bergen.