The oil company OMV Norway believes the Wisting area in the Barents Sea could contain as much oil as the lowest estimates for Johan Castberg.
OMV is in the process of completing the drilling of appraisal well Wisting Central II, located around 310 kilometers north of Hammerfest.
Drilling results mean that the company now says there is probably more oil than estimated in these areas, writes Stavanger Aftenblad.
Overall, the estimate for the entire Wisting is now between 200 and 500 million barrels of oil, according to OMV. By comparison, Statoil has estimated that Johan Castberg discovery in the Barents Sea is around 450- 650 million barrels of oil.
OMV called the findings promising.
– This well is an important milestone towards developing a future oil field in Wisting, Johann Pleininger, director of OMV, says.
Source: NTB scanpix / Norway Today
