Oil resource increase for Barents Sea Wisting development
OMV is evaluating circular and ship-shaped FPSOs for its Wisting oil development in the southern Barents Sea.
VIENNA, Austria – OMV is evaluating circular and ship-shaped FPSOs for its Wisting oil development in the southern Barents Sea.
The latest recoverable resource estimate for the surrounding license PL 537, issued by the Norwegian Petroleum Directorate, is around 440 MMbbl, an increase of 90 MMbbl compared to the 2017 estimate.
Over the past year OMV has worked on improving its understanding of the shallowWisting reservoir.
To date the company has drilled six wells and its team has successfully combined traditional seismic with controlled source electro magnetic in studies for subsurface optimization.
The current plan is for the FPSO to be connected to a subsea production system comprising 19 producer and 15 water injector wells.
In addition, OMV has updated the dynamic and static reservoir models by implementing a new water injection and gas management strategy.
Final concept selection should follow in 2020.
Wisting was discovered in 2013, four years after the license award. Other partners are Equinor, Petoro, and Idemitsu Petroleum.