Statoil shrugs off latest gas find in the Barents Sea
Statoil has recorded its second successive gas discovery in the Barents Sea, although the find in the Gemini North structure appears to be non-commercial.
According to the Norwegian Petroleum Directorate it encountered a 19-m (62-ft) gas column in the Stø formation, and a small oil column of about 5 m (16.4 ft) in a low-grade sandstone reservoir.
Statoil estimates recoverable volumes at 2-6 MMboe.
The semisubmersibleSonga Enabler will next drill the Korpfjell prospect for Statoil in license PL859 in the southeastern Barents Sea, followed by another wildcat (well 7317/9-1) in PL 718, 75 km (47 mi) northwest of the Pingvin discovery 7319/12-1 and around 370 km (230 mi) from Hammerfest.