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Page added on October 29, 2018

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Important Oil Discovery in Barents Sea

Geology

Equinor revealed Monday that a new oil discovery has been made though the Barents Sea Skruis exploration well, which is located in the Johan Castberg license.

The well confirmed a volume of between 12 and 25 million recoverable barrels of oil, according to Equinor. Skruis is the first operated exploration well drilled by the company this year in the Barents Sea.

The asset’s partners – Equinor, Eni and Petoro – will now “further consider tie-in of the discovery to Johan Castberg,” Equinor said in a company statement. The Johan Castberg field, which is estimated to have recoverable reserves of between 450 and 650 million barrels, is planned for start-up in 2022.

“This is an important discovery. It helps to determine the size of the Johan Castberg resource base which is currently being developed,” Nick Ashton, Equinor’s senior vice president of exploration in Norway and the UK, said in a company statement.

“Securing resources near existing infrastructure is an important part of Equinor’s ambition and strategy on the Norwegian continental shelf,” he added.

“We still have three Equinor-operated wells and one partner-operated well left to drill in the Barents Sea. We also have a good portfolio for the next couple of years. Together with the wells we drilled in 2017, this will help clarify the potential in the remaining part of the Barents Sea,” Ashton continued.

In a Twitter statement, Equinor said its operated exploration well in the Barents Sea “proves that there are good, attractive areas in the North”.

 

 

As of the end of the third quarter, Equinor had completed 15 exploration wells in 2018 with seven commercial discoveries. Adjusted exploration expenses for the company in the quarter were $239 million, down from $416 million in the same quarter of 2017.

RIGZONE



9 Comments on "Important Oil Discovery in Barents Sea"

  1. Here we go again on Tue, 30th Oct 2018 4:38 am 

    See…plenty of oil out there in the deep unknown….no problem…just got to look and find it…easy pzey

  2. best esports online gambling on Tue, 30th Oct 2018 5:39 am 

    Thanks for this informative blog. The numbers are impressive!

  3. TIKIMAN on Tue, 30th Oct 2018 7:21 am 

    Donald Trump will go down as the best president in history.

    He will save us from the invasion of filthy minorities from the south.

    All liberals need mental treatment. Faggots!

  4. Cloggie on Tue, 30th Oct 2018 7:47 am 

    https://en.wikipedia.org/wiki/Willem_Barentsz

    Memories from childhood: discoverer Willem Barents surviving in Nova Zembla after being stranded there for the winter. Plates like these we had in the classroom:

    https://goo.gl/images/nfDP9u

    His goal was to find the Northern Passage to East-Asia.

  5. Davy on Tue, 30th Oct 2018 8:37 am 

    neder, my friend that is Dutch has this Barents in his ancestry. You know the guy from Emmen. The guy you cut down for being from that part of Holland. He has been here for 20 years and loves it. He is out in southeast Colorado now. He spent 10 years of his stay in rural Missouri. He is an artist and a carpenter. He is a first class person and why I have high regards for the Dutch. He chose to find the best of what is America and make the best of that.

  6. Cloggie on Tue, 30th Oct 2018 9:10 am 

    It was a joke…I didn’t mean it.

    https://www.trouw.nl/opinie/ik-heb-de-buik-vol-van-grapjes-over-drenthe-en-fc-emmen-kan-donders-goed-voetballen-~a28a6956/

    “Ik heb de buik vol van grapjes over Drenthe – en FC Emmen kan donders goed voetballen”

    (“Iam fed up with jokes about Drenthe – and FC Emmen is thundering good at football”)

    Drenthe is the Ozarks of the Netherlands. But I like people from the East of the Netherlands much better than “Hollanders” (Amsterdam, Rotterdam, The Hague area).

    I’m from the East (“reserve-kraut”) but not Drenthe, but Gelderland (mother) and Overijsel (father).

  7. Davy on Tue, 30th Oct 2018 9:36 am 

    Ookay, neder, that clears that up

  8. Kevin Cobley on Tue, 30th Oct 2018 4:16 pm 

    Wow a brand new oil field that can supply the US for 25 days!

  9. Roger on Tue, 30th Oct 2018 8:29 pm 

    Yep, how do you know you’re “up sh&$ creek in a chicken wire canoe” … when an “important discovery” equates to 6 hours of global supply.

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