Looking for a specific product?

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

Statoil completes 2014 Hoop exploration programme

Statoil and Idemitsu Petroleum Norge have made a small gas discovery in the Mercury prospect n PL614. This is located in the Barents Sea. 

This discovery completes Statoil’s 2014 exploration programme in the Hoop area.

 

Over the summer, Statoil drilled three exploration wells in the area: Apollo and Atlantis in PL615 and Mercury in PL614. These three drills did, unfortunately, not result in commercial discoveries. 

“We are naturally disappointed with the results of this summer’s drilling campaign in the Hoop area,” says Irene Rummelhoff, Statoil senior vice president for exploration on the Norway continental shelf.

 

“However, it is important to understand that Hoop is a frontier area of more than 15,000 square kilometres with only six wells completed to date, so we do not have all the answers about the subsurface yet. Non-commercial discoveries and dry wells are part of the game in frontier exploration. They provide important knowledge about the area.”

 

To read more, please visit Statoil.com here.

Associated companies:


Related news

Latest news

Why going in circles is good

In fire detection systems for explosive environments,

Here is AKVA group’s first hybrid feed barge!

Protecting the environment is our main reason to invest in this technology. 

New Display Technologies Enable the Naval Vessel Bridges of the Future

Hatteland Display's cutting-edge display solutions on show at Sea-Air-Space 2018 enable a new data-centric approach to vessel and strategic operations.

Steinsvik Group and Aqualine – collaborating on future solutions

Aqualine is a R&D cage system supplier of cages,

DNV GL supports acquisition of UK’s largest feed-in-tariff wind portfolio

Ventus is the UK’s largest portfolio of feed-in-tariff wind turbines,

- Poor safety for passengers on ships

"It is a dilemma that the crew on ships have survival suits,

YETI Demonstration of driverless Snow Sweepers

The project was started as an innovation project by Avinor three years ago.

Prototech with hardware delivery to the climate observatory ASIM at the International Space Station

While the first stage of the booster was ejected,

Maintenance – A world of continuous improvement

Maintenance is an important part of any industrial plant,