Page 13 - EurOil Week 07 2023

EurOil PROJECTS & COMPANIES EurOil

Aker BP deems new discovery

uncommercial for now

NORWAY NORWEGIAN oil producer Aker BP has made acquisition and sampling.
a crude discovery near the Ivar Aasen field in The well will now be plugged and aban-
It might be judged the country’s North Sea region, but has con- doned. It was drilled by Saipem’s Scarabeo 8
commercial in the cluded that the volumes are not profitable “at semi-submersible, which is moving on to drill
future. [the]present time.” a wildcat well at Aker BP’s production licence
Aker BP drilled a wildcat well at production 1141 in the North Sea.
licence 867 B about 12 north of the Ivar Aasen This marks the third hydrocarbon discov-
field and 187 km southwest of Haugesund. Its ery to be made off Norway this year. Equinor
primary goal was to prove petroleum in Mid- struck gas in the Norwegian Sea in January,
dle Jurassic reservoir rocks in the Hugin and assessing the size of the find at between 2 and
Sleipner formations, and its second target was 11 bcm. Then in February, Equinor found
to prove petroleum in the Skagerrak formation somewhere between 17 and 46.5mn barrels of
in Triassic rock. oil equivalent in the North Sea, near the Troll
The well struck a 3-metre oil column in the field.
Hugin formation, and residual petroleum was Aker BP is among the largest players on the
encountered both over and under the column Norwegian shelf, with around 500mn barrels
in the Hugin and Sleipner formations. of oil equivalent in reserves, and has a slate of
Preliminary estimates place the size of the new development projects in the works with
discovery at between 3.1 and 8.8mn barrels which it expects to boost its production from
of oil equivalent. The well was not forma- nearly 400,000 boepd at present to around
tion-tested, but Aker BP did carry out data 525,000 boepd by 2028. ™

Week 07 16•February•2023 www. NEWSBASE .com P13