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.