Equinor makes new oil discovery close to Barents Sea Johan Castberg field

Equinor has made a new oil discovery in Snøfonn Nord, exploration well 7220/8-2 S, by the Johan Castberg field in the Barents Sea.

The well was drilled five kilometers south-southeast of the discovery well 7220/8-1, which is in the Johan Castberg field, 210 kilometers northwest of Hammerfest.

Equinor is the operator of the production license (PL) 532. Preliminary calculations of the size of the discovery indicate between 37 and 50 million barrels of recoverable oil. Together with the other licensees, Vår Energi and Petoro, Equinor will consider tying the discovery to the Johan Castberg field.

“Snøfonn Nord is an exciting discovery in the vicinity of the Johan Castberg development and can add valuable volumes to the installation in the future,” Kristin Westvik, Equinor’s Senior VP for Exploration and Production North, stated.

“In cooperation with the license partners, we will consider a possible development.”

Transocean Enabler rig

The Snøfonn Nord discovery was made exactly one year after the Isflak discovery in the same area but is probably somewhat bigger.

Drilling of the well was carried out by the Transocean Enabler rig and is now completed. Transocean Enabler will move 800 meters further west in PL 532 to drill a new exploration well.

Snøfonn Nord is the 10th discovery in the Castberg license and the 12th exploration well to be drilled in PL 532.

The production license was awarded in the 20th licensing round in 2009.

Source : Equinor / #Norway Today / #NorwayTodayNews

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