Looking for a specific product?

Make a search for products & suppliers, articles & news.

New oil discovery in the North Sea

Norway's Statoil has made an oil discovery in the Geitungen prospect on Utsira High in the North Sea together with partners Petoro, Det norske oljeselskap and Lundin.

Exploration well 16/2-12 drilled by the drilling rig Ocean Vanguard has proven a 35 metre oil column in a high quality reservoir dating from the Jurassic period. Statoil estimates the volumes in Geitungen to be between 140 and 270 million barrels of recoverable oil equivalents (o.e.).

Oil was also proven in the basement rocks. This is regarded as a possible upside in connection with the development of the area/discovery.

"A new oil discovery in the Johan Sverdrup area, in the mature part of the North Sea reinforces Statoil's faith in the exploration potential of the Norwegian continental shelf, and demonstrates that we deliver on our strategy of revitalising the NCS with high value barrels," says Gro Haatvedt, senior vice president exploration Norway in Statoil.

Geitungen was drilled approximately three kilometres north of the Johan Sverdrup discovery and was defined as a separate prospect in the licence PL 265. Well data indicate that there probably is communication between the two discoveries.

"Statoil aims to capture the full potential in the greater Utsira High area. In APA2011* we secured new promising acreage both north and south of Johan Sverdrup. We are currently working to improve seismic imaging of the greater Utsira High and have ambitious drilling plans with about 8-12 wells scheduled for 2012-2014", says Haatvedt.

Statoil is operator for production licence PL265 with an ownership share of 40% interest. The licence partners are Petoro AS (30%), Det norske oljeselskap ASA (20%) and Lundin Norway AS (10%).

(*) APA = Awards in predefined areas

Associated companies:


Related news

Latest news

Important message at the “AKVAculture Day”

We won’t be able to create growth unless we can handle the industry’s challenges.

Visit from the Ministry of Trade Industry and Fisheries

The Ministry visited in order to learn more about the industry. 

Sohome's new 2018 catalogue is out

Sohome has produced a brand new catalogue. 

Servogear propelled ‘Future of The Fjords’ – Ship of the Year at SMM

The world’s largest maritime trade fair, 

Rapid electrification and rise of wind and solar drive massive expansion and automation of power grids, DNV GL finds

The report forecasts continuing rapid electrification, 

DOF Subsea awarded Frame Agreement and several short-term contracts

The Atlantic region has been awarded a Frame Agreement...

The world’s energy demand will peak in 2035 prompting a reshaping of energy investment

The electrification trend is already enveloping the automotive industry.

DNV GL forecasts gas capital expenditure boost to fuel the energy transition

While DNV GL’s model predicts global oil demand to peak in 2023,

Energy transition offers innovators a competitive edge through “carbon robust” ship designs

The energy transition is undeniable,” says Remi Eriksen