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Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production licence 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million m
3 of recoverable oil, corresponding to 31 – 50 million bbl of recoverable oil.
“Succeeding in the Barents Sea requires perseverance and a long-term perspective. This discovery strengthens our belief in the opportunities that exist, not least around the Castberg, Wisting, Snøhvit and Goliat areas,” said Nick Ashton, Equinor’s senior vice president for exploration in Norway.
The well was drilled about 10 km southwest from the well 7220/8-1 on the Johan Castberg field, and 210 km northwest of Hammerfest.
Barryroe Farm-Out Suffers Delay
Summary The deadline for closing the deal has been extended by two months until the end of April.
by: Joe Murphy
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Barryroe Farm-Out Suffers Delay
Irish explorer Providence Resources has agreed to extend the deadline for closing a farm-out to Norway s SpotOn Energy at the Barryroe oil and gas field off Ireland s south coast by two months until April 30, it said on March 1.
The farm-out, agreed at the start of December, will see SpotOn take a 50% stake in Barryroe, Ireland s largest oil discovery. In return, the company and a group of international service providers will fund, develop and bring the project to production.
Newfoundland: Learning From Norway
One thousand years ago, the Norwegian Vikings ventured into the unforgiving mighty Atlantic Ocean to find new lands. As fate would have it, they discovered the Great Northern Peninsula of the island of Newfoundland. With a similar coastline, fishing, hunting and gathering, the Vikings must have felt very much at home in Newfoundland and Labrador.
Today, we can see the remnants of the timber-sod homes made by the Vikings, nestled into the shores of Lance-aux-Meadows, Newfoundland.
Time and time again throughout history, it seems we have connected with Norway. They have been our oceanic counterparts and colleagues, and we have learned from each other for centuries.
OMV Petrom Kicks off Black Sea Drilling
Jan 19, 2021 10:20:am
Summary The Austro-Romanian operator is honing its focus on the Black Sea, with planned operations in multiple countries.
by: Joe Murphy
Austro-Romanian operator OMV Petrom has launched a new offshore drilling campaign in the Romanian Black Sea, involving two development wells at the shallow-water Istria block, it said on January 18.
Work on the first w.
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