Statoil confirms Morvin, Valemon discoveries

June 19, 2006
Statoil ASA said it has confirmed the Valemon gas and condensate discovery near Kvitebjørn field in the Norwegian North Sea and the Morvin oil discovery on Halten Bank north of Kristin field in the Norwegian Sea.

By OGJ editors
HOUSTON, June 19 -- Statoil ASA said it has confirmed the Valemon gas and condensate discovery near Kvitebjørn field in the Norwegian North Sea and the Morvin oil discovery on Halten Bank north of Kristin field in the Norwegian Sea.

Statoil spudded the appraisal wells earlier this year (OGJ, Apr. 3, 2006, Newsletter). It didn't say whether the wells had been tested. Tim Dodson, a Statoil senior vice-president for exploration, said it's too early to determine the reserves.

Statoil drilled the Valemon appraisal well, 34/11-5S, to 7,380 m TD from its Kvitebjørn platform, calling it the longest high pressure-high temperature well it has drilled. It will complete the well for Kvitebjørn production.

The Smedvig ASA West Alpha semisubmersible drilled the Morvin appraisal, 6506/11-8. Dodson said Morvin probably would be developed as a satellite to Kristin or Aasgard field.

Statoil has 43.55% interest in Kvitebjørn on Production License 193, where its partners are Petoro 30%, Hydro 15%, Enterprise Oil Norge 6.45%, and Total 5%.

It has a 50% interest in Morvin on PL 134B. Partners are ENI 30%, Hydro 14%, and Total 6%.