Statoil tests oil near Gullfaks

Statoil has tested oil at its Topas prospect between the Gullfaks and Visund A fields in the Norwegian North Sea.

Statoil has tested oil at its Topas prospect between the Gullfaks and Visund A fields in the Norwegian North Sea.

Designated 34/10-48S, the company drilled the wildcat to a total measured length of 7,393 m and a depth of 2,849 m beneath the sea surface. The water depth is 217 m. The well terminated in Middle Jurassic rocks, with oil proven in Middle Jurassic and Upper Triassic sands. Statoil drilled the well from its Gullfaks C platform.

"This strike is important for exploiting existing installations and other infrastructure," says Bengt Beskow, exploration manager for the Tampen area. "It also shows that more oil is available in a mature region. We're committing substantial resources to exploring around the major fields we operate."

Statoil is considering a request to the Norwegian authorities for approval of pilot production from Gullfaks to secure important information about the size and commercial value of the discovery.

Topas lies about 3 km northeast of Gullfaks and roughly 5 km south of Visund. Extensive logging was carried out in the well during the 102-day drilling operation, along with gathering of cores and mud samples.

Statoil operates production license 120, embracing Visund, and has a 30.07% interest. Its partners are Norsk Hydro 29%, Petoro 16.93%, Total 11%, and ConocoPhillips 13%.

The group is also operator for Gullfaks licence PL 050, where it has 61%, while Hydro holds 9% and Petoro 30%.

12/10/04

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