GlobalOne EPC
  • Home
    • Company Values
  • Services
    • Government
  • Contact
  • Industry News
  • Careers
Info@GlobalOneEPC.com
713-909-0106

Statoil and its PL146/PL333 partner Total E&P Norge discovers gas, condensate in the North Sea

7/23/2015

0 Comments

 
PictureMay-Liss Hauknes
The discovery well 2/4-23S, drilled by Maersk Gallant, proved gas and condensate in the Ula formation. Statoil estimates the volumes in Julius to be between 15 and 75 million barrels of recoverable oil equivalent.

The well 2/4-23S aimed also to appraise the King Lear gas and condensate discovery made by the PL146/PL333 partnership in 2012.

The well provided important information on reservoir distribution and reservoir communication in the King Lear discovery. The acquired data will now be further analysed.

It is expected that the King Lear volumes will stay within the previously communicated range of 70-200 million barrels of recoverable oil equivalent.

“The King Lear and Julius discoveries are located in one of the most mature parts of the Norwegian continental shelf - just 20 kilometres north of Ekofisk, the first commercial NCS discovery made 45 years ago. The discoveries confirm Statoil’s view that even such mature areas of the NCS still have an interesting exploration potential,” says May-Liss Hauknes, Statoil vice president for exploration in the North Sea.


PictureEdward Prestholm

“Since the King Lear discovery, the main focus of the licence partnership has been to clarify the resource basis within PL146/PL333. Following the positive results of the Julius well, the partnership will start working on an optimal plan for a timely development of the discovered resources. The Julius discovery will be included in the resource base for a future PL146/PL333 development decision,” says Edward Prestholm, acting head of early phase field development on the NCS in Statoil.


Picture
Source: Statoil
0 Comments



Leave a Reply.

    Author

    Billie Hanley, Managing Director of GlobalOne EPC.

    Contact Us
    Info@GlobalOneEPC.com
    Phone: 713-909-0106
    Picture

    Archives

    October 2015
    September 2015
    August 2015
    July 2015

    Categories

    All
    Alternative Power
    Baker Hughes
    BP
    Chevron
    Condensate
    Discovery
    Duke Energy
    Eagle Ford
    Energy
    Energy Credit
    Energy Reform
    Fracking
    Funding
    Gas
    Halliburton
    Houston
    Iran
    Job Cuts
    Low Oil Prices
    Marines
    Mexico
    Military
    Net Metering
    Nigeria
    North Carolina
    Offshore
    Oil
    Onshore
    Permian Basin
    Petrobras
    Private Equity
    Procurement
    Profit Fall
    Rate Increase
    Renewable Energy
    Rig Count
    Saudi Arabia
    Shale
    Solar Farm
    Solar Power
    Statoil
    Wind Farm
    Wind Power

    RSS Feed

    © 2012-2015 GlobalOne EPC. All Rights Reserved.
    Terms of Use
Powered by Create your own unique website with customizable templates.
Photo used under Creative Commons from Raymond Bryson