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Equnior Made a Profitable Oil Discovery Related to Oseberg Vestflanke

Equinor, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg Vestflanken. The Askepott rig and the development drilled the well will quickly be placed on stream by way of the new, unmanned and remote-operated H platform on Oseberg field.

It is included within the Oseberg Vestflanken phase 2 project. The exploration extension well 30/6-H-9-T4 proved a 112-m oil column in a segment that has not been examined earlier than. Oil was established within the Statfjord formation in southern components of the Alpha structure on Oseberg.

Reservoir traits are excellent with high oil saturation. Recoverable assets are estimated at 22 MMbbl of oil. The companions will take into account water injection to further increase recoverable volumes.

“This discovery improves the Oseberg Vestflanken resource base. It may be put on stream with limited investments and provides significant value to the partnership. We’re combining drilling of exploration and production wells to realize extremely profitable exploration wells at a low price,” says Gunnar Nakken, senior V.P. for the operations west cluster of Equinor.

Equinor’s NCS roadmap focuses on creating our key hubs for sustainable and long-term value creation. The Oseberg space is such a hub, providing a superb useful resource base and attainable future tie-ins from fields within the area.

The unmanned and remote-operated wellhead platform Oseberg H got here on stream lower than a year ago. The property was drilled by the Oseberg license’s new, state-of-the-art Cat J-rig Askepott on its first assignments on Vestflanken.

Oseberg is among the massive “elephants” on the NCS. On the end of 2017, Oseberg was the third-largest oil producer on the NCS having produced around 2.9 Bbbl of oil. Original development plans had been primarily based on an oil manufacturing of round 2.0 Bbbl. Current expectations are that 3.1 Bbbl of oil will probably be produced in the course of the lifetime of the field.

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