Statoil finds gas, condensate on Biotitt prospect

Statoil ASA has proved gas and condensate on the Biotitt prospect in the Norwegian North Sea, 20 km northeast of the Sleipner field.

Uchenna Izundu
International Editor

LONDON, Mar. 15 -- Statoil ASA has proved gas and condensate on the Biotitt prospect in the Norwegian North Sea, 20 km northeast of the Sleipner field.

Seadrill Ltd.'s ultralarge West Epsilon jack up drilled the well to a TD of 2,360 m, targeting Cretaceous rock, with gas and condensate being proved in the Heimdal formation of Tertiary age.

Statoil will investigate whether it will produce the find using the Sleipner platform. Statoil said it would carry out an evaluation and analysis of the gathered data to determine the find's resource potential and that a joint development with the 16/7-2 find south of Biotitt could be an option.

West Epsilon will drill the Ermintrude prospect on Block 15/6 in production license 303, 10 km north of Sleipner field.

The licensees in exploration license 339, awarded in 2004, are Statoil with a 70% share and ExxonMobil Corp. with 30%.

Contact Uchenna Izundu at uchennai@pennwell.com.

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