Statoil discovers oil in Grane field in the North Sea

Posted on 05 June 2013

Statoil, together with partners in the Grane Unit, has made a new oil discovery in the Grane field in the North Sea.

Statoil, together with partners in the Grane Unit, has made a new oil discovery in the Grane field in the North Sea.

Statoil and its partners are in the process of concluding drilling operations in exploration well 25/11-27 in the Grane Unit. Drilled by Songa Offshore’s Songa Trym semisubmersible, the well proved an oil column of 20 meters in the Heimdal Formation. The estimated volume of the discovery is in the range of 18 to 33 million bbls of recoverable oil.

“We are pleased with having proven new very high value resources in the Grane area,” Tore Løseth, vice president for exploration in the North Sea, said. “The oil discovery is located directly north of the Grane field and can be developed effectively.”

Timely near-field exploration is an important element in Statoil’s exploration strategy for the Norwegian continental shelf (NCS). This implies exploration close to existing installations that in the near future will have spare capacity for new tie-ins. “Near-field exploration is an important contribution in Statoil’s exploration portfolio on the NCS,” Mr Løseth said. “Even though volumes in these discoveries are moderate compared with the big finds over the last few years, these are fast, high-value barrels that are important for extending the production life of existing installations.”

In 2013, about 40% of Statoil’s exploration wells on the NCS will be near-field exploration. In addition to the Grane area, this includes the Oseberg, Fram/Gjøa and Tampen areas.

Exploration well 25/11-27 is situated in the Grane Unit in the North Sea. Statoil is operator with an interest of 36.66%. The partners are Petoro (28.94%), ExxonMobil Exploration & Production Norway (28.22%) and ConocoPhillips Skandinavia (6.17%).

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 30 September 2014

    Statoil, Shell and Sonatrach awarded acreage onshore Algeria

    Statoil and Shell were awarded the Timissit Permit License in the Illizi-Ghadames Basin onshore Algeria. The license is in southeastern Algeria and covers an area of 2,730 sq km...

  • 29 September 2014

    Rosneft discovers oil in Kara Sea

    Rosneft successfully completed the drilling of the Universitetskaya-1 well in the Arctic – the northernmost well in the world, according to the company, and discovered oil at the East-Prinovozemelskiy-1 license area...

  • 26 September 2014

    Statoil and PL713 partners discover gas in Pingvin prospect in Barents Sea

    Statoil has together with PL713 partners made a gas discovery in the Pingvin prospect in the Barents Sea. The discovery is a play opener in an unexplored frontier…

  • 26 September 2014

    Maersk Drilling names fourth ultra-deepwater drillship, delivery expected in Q4

    Maersk Drilling’s fourth ultra-deepwater drillship was named Thursday morning in a ceremony at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si...

  • 25 September 2014

    Eni awarded 3 new exploration licenses in Egypt

    Eni was the successful bidder of three new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded after the ratification...

  • Read more news