Statoil opens Sleipner oil play

Statoil has an oil discovery in the Sleipner area of the North Sea on the Ragnarrock prospect.

Offshore staff

STAVANGER, Norway --Statoil has an oil discovery in the Sleipner area of the North Sea on the Ragnarrock prospect.

The jackupWest Epsilon drilled exploration well 16/2-3 in 113 m (370 ft) of water, finding oil in Cretaceous rocks with complex reservoir conditions, according to Statoil's North Sea Exploration Manager Frode Fasteland. The location is in production license 265, 35 km (21.75 mi) east of Statoil's undeveloped Gudrun find.

"It is encouraging that Statoil has made an oil discovery in a little-explored exploration model that is close to our North Sea infrastructure," Fasteland said. "Together with our partners in the license, we have therefore decided to drill the appraisal well 16/2-4 in the structure when the first well is completed."

This was the fifth well drilled by theWest Epsilon for Statoil this year, all proving hydrocarbons.

09/17/2007

More in Drilling & Completion