Exploration well 2/4-21 drilled by the jack-up rig Maersk Gallant in production licences 146 and 333, has proven a 48-metre gas/condensate column in the main bore 2/4-21 and an additional 70-metre gas/condensate column in the side-track 2/4-21A.
Statoil estimates the total volumes in King Lear to be between 70 and 200 million barrels of recoverable oil equivalent (o.e.).
“Statoil had earlier defined King Lear as a potential high-impact prospect. The drill results confirm our expectations and show once again that the Norwegian continental shelf still delivers high value barrels,” says Gro Gunleiksrud Haatvedt , senior vice president exploration Norway in Statoil.
Data acquisition is currently being finalised in the sidetrack. As King Lear is a high-pressure, high-temperature well, special attention is given to ensuring safe drilling operations.
The King Lear discovery is an important contribution to Statoil’s corporate strategy of revitalising the NCS with high-value barrels.
“King Lear lies approximately 20 kilometres north of the Ekofisk field. It is encouraging to see that this part of the Norwegian continental shelf – home to the first commercial oil find in Norway – is still delivering significant discoveries,” says Haatvedt.
“This reinforces our faith in the exploration potential of the Norwegian continental shelf. Not only does it have a proud past, but also an exciting future,” she adds.
The King Lear discovery is the eighth high-impact discovery made by Statoil over the last 15 months. The other high-impact discoveries are Zafarani and Lavani in Tanzania, Skrugard and Havis in the Barents Sea, Johan Sverdrup (formerly Aldous/Avaldsnes) in the North Sea, and Peregrino South and Pão de Açúcar (non-operated) in Brazil.