Eni makes oil and gas discovery in the Norwegian Barents Sea

Posted on 02 May 2014

Eni has made an offshore oil and gas discovery in the Norwegian Barents Sea, approximately 230 km from Hammerfest.

The well 7220/7-3S is located 6 km south of the Johan Castberg area on the Drivis Prospect in the PL532 license. It was drilled in approximately 345 m of water and reached a total depth of 2,097 m.

The well has confirmed a hydrocarbon column of about 154 m in Jurassic sandstone. Oil volumes in place are estimated at between 125 million and 140 million bbl. The discovery is part of Eni’s joint venture exploration activity to develop the Johan Castberg field.

Statoil is the operator of production license PL532 with a 50% stake; the remaining shares are held by Eni Norge AS (30%) and Petoro AS (20%).

Eni has been present in Norway since 1965, with current production standing at approximately 115,000 BOE per day through its subsidiary Eni Norge AS. Eni is operator of the ongoing development of the first oil field in the Barents Sea, the Goliat discovery and of the Marulk gas field in the Norwegian Sea. Furthermore, in Norway, Eni has interests in the country in a number of exploration licenses and fields under development and in operations including Ekofisk, Norne, Åsgard, Heidrun, Kristin, Mikkel and Urd.

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