OMV offshore oil drilling succeeds at Hanssen in Barents Sea

OMV (Norge) has discovered oil with its third exploration well on license 537 in the Hoop area of the Norwegian Barents Sea.

Jul 3rd, 2014

Offshore staff

VIENNA, Austria – OMV (Norge) has discovered oil with its third exploration well on license 537 in the Hoop area of the Norwegian Barents Sea.

The semisubmersibleTransocean Barents drilled the 7324/7-2 well on the Hanssen structure, 7 km (4.3 mi) northwest of last year’s 7324/8-1 Wisting Central oil discovery in 417 m (1,368 ft) of water and 315 km (196 mi) north of Hammerfest in northern Norway.

The well intersected a 20-25 m (65.6-82 ft) gross oil column in the main Stø formation target, with good reservoir properties. A successful formation test followed in the same formation, flowing up to 2,006 b/d of oil and 325,000 cf/d. Rates from future development wells could be much higher, according to partner Tullow Oil.

At this stage OMV assesses the size of the discovery in the Stø formation at 20-50 MMboe, mostly oil, lifting potential recoverable resources in the Wisting area to 200-500 MMboe. The well will be permanently P&A’d.

Tullow said the partners will likely drill the Hassel and Bjaaland prospects in the eastern part of the Wisting cluster next year.

07/03/2014

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