Statoil find boosts Fram reserves

StatoilHydro has discovered further oil in the Fram area of the Norwegian North Sea.

Offshore staff

STAVANGER, Norway --StatoilHydro has discovered further oil in the Fram area of the Norwegian North Sea.

The semisubmersibleBideford Dolphin drilled well 35/11-B23-H in the eastern part of the Fram field, 10 km (6.2 mi) north of the Troll West oil province northern flank.

This was a dual-purpose well, designed to target petroleum in Mid-Jurassic rocks in the C East prospect, and to serve as horizontal producer in a proven Fram East reservoir.

In the event, it discovered oil and gas - mainly crude - which StatoilHydro estimates amount to 100 MMboe in place. This could yield recoverable reserves of 20-40 MMboe.

StatoilHydro believes the discovery could also extend into neighboring block 35/12, in production license PL090D.

The company will now examine options for a quick tieback to an existing production installation, possibly on Fram East or Troll C. The part of the well that encountered the exploration target will be permanently plugged and abandoned.

01/14/2008

More in Drilling & Completion