STAVANGER, Norway – Statoil’s recently completed drilling campaign on the Volve field offshore Norway has proven additional oil.
Well F11-A, drilled by the jackupMaersk Inspirer on the field’s northwestern section, indicated volumes estimated at 8.8-9.4 MMbbl. If confirmed, it would double the field’s remaining reserves.
Volve is 200 km (124 mi) west of Stavanger in the southern Norwegian North Sea. Production started in February 2008, at which time the anticipated field life was four to five years.
“We are now looking at the possibility of production here lasting at least until the end of 2016,” said operations vice president Sturle Bergaas.
Partners in Volve are Statoil 59.6%, ExxonMobil E&P Norway 30.40%, and Bayerngas Norge 10%.