Statoil makes new gas discovery

Statoil has made a new gas discovery in the Gymir prospect. With three such discoveries in three months, Statoil says important progress has been made in unlocking full potential of the Aasta Hansteen area in the Norwegian Sea. “Our 2015 exploration campaign around Aasta Hansteen has proven an upside potential in the area. The estimated total volumes in the three discoveries, Snefrid Nord, Roald Rygg and Gymir, amount to 75-120 million barrels of recoverable oil equivalent, corresponding to about 1/3 of the Aasta Hansteen recoverable volumes. The discoveries will now be further evaluated for future tie-in to the Aasta Hansteen facilities in order to optimise utilisation of the infrastructure and prolong the production plateau,” says Dan Tuppen, vice president exploration Norwegian and Barents Sea in Statoil.

The well 6706/11-2, drilled by the Transocean Spitsbergen rig in the Gymir prospect, proved a gross 70-metre gas column in the Nise Formation with good reservoir qualities. Statoil estimates the volumes in Gymir to be in the range of 6-19 million barrels of recoverable oil equivalent.  Gymir is located just 8 kilometres away from Roald Rygg and 14 kilometres away from Snefrid Nord.

Aasta Hansteen will be the largest SPAR platform in the world and is the biggest ongoing field development project in the Norwegian Sea. It is one of the main projects in Statoil’s portfolio. The plan for development and operations (PDO) was approved by the Norwegian Ministry of Petroleum and Energy in 2013. Production start-up is expected in 2017.

 “Additional reserves from the three discoveries tied in to Aasta Hansteen will be important for increasing the value of the Aasta Hansteen investment,” says Torolf Christensen, Statoil vice president for the Aasta Hansteen project.

(NRK/Press release)