ConocoPhillips makes significant Norwegian Sea discovery

ConocoPhillips made a new oil discovery in PL 891 on the Slagugle prospect, 14 miles north-northeast of Heidrun field in the Norwegian Sea. Preliminary estimates of the discovery’s size are between 75 million and 200 million boe recoverable.

The discovery well was drilled in 1,165 ft of water to a total depth of 7,149 ft by the Leiv Eiriksson drilling rig. Extensive data acquisition and sampling has been carried out in discovery well 6507/5-10, and future appraisal will be conducted to determine potential flow rates, the reservoir’s ultimate resource recovery, and potential development plan.

 “This discovery marks our fourth successful exploration well on the Norwegian Continental Shelf in the last 16 months,” said Matt Fox, executive vice president and chief operating officer. “All four discoveries have been made in well-documented parts of the North Sea and the Norwegian Sea and offer very low cost-of-supply resource additions.”

ConocoPhillips Skandinavia AS is operator of the license (80%) with partner Pandion Energy AS (20%).