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Statoil group confirms Skrugard oil, gas discovery

A group led by Statoil ASA has confirmed its Skrugard oil and gas discovery in the Barents Sea, which will become the northernmost field development on the Norwegian Continental Shelf.

The 7220/5-1 appraisal well encountered a 26-m gas column overlying a 48-m oil column, and both column thicknesses and reservoir properties were as expected, Statoil said. The well met the objectives of confirming the previous volume estimate for the Skrugard discovery and collecting reservoir and overburden data for field development planning.

The results confirm the previous volume estimate for the Skrugard discovery and the total resource estimate for the Skrugard and nearby Havis structures in the range of 400-600 million bbl of recoverable oil.

Several concepts are under consideration, and developing the fields will transform the Barents Sea into a core area for Statoil, the company said.

The 7220/5-1 appraisal well is about 3 km north of the 7220/8-1 discovery well on the Skrugard structure and 6 km northeast of Havis discovery. Third well on Production License 532, awarded in 2009 in connection with the 20th licensing round, the 7220/5-1 well is drilled to a vertical depth of 1,740 m below sea level in 388 m of water.

Statoil is operator of PL532 with a 50% stake. Eni Norge AS has 30% and Petoro AS has 20%.


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