Harbour Vitality Norge AS and its companions have confirmed a gasoline discovery in effectively 15/9-25 within the North Sea, about 130.5 miles (210 kilometers) west of Stavanger.
The effectively, which was drilled utilizing the Noble Integrator rig, is the primary one in manufacturing license 1138, which was awarded in Awards in Pre-defined Areas (APA) in 2021, the Norwegian Offshore Directorate mentioned in a information launch Wednesday.
The general gasoline quantity was calculated between 35.3 million and 105.9 million cubic ft (1 million and three million commonplace cubic meters) of recoverable oil equal, the regulator famous. The gasoline discovery had beforehand been confirmed in two different exploration wells: 16/7-2 and 16/7-10, drilled in 1982 and 2011, respectively.
License homeowners Harbour Vitality Norge AS, Sval Energi AS, and Aker BP ASA will think about whether or not there’s a technical and monetary foundation for tying the invention into current infrastructure within the space, in accordance with the discharge. Harbour owns a 40 % stake within the asset, whereas Sval and Aker personal 30 % every.
The first exploration goal for the effectively was to show petroleum in Center Jurassic and Triassic reservoir rocks within the Hugin and Skagerrak formations. The secondary exploration goal was to delineate gasoline confirmed in wells 16/7-2 and 16/7-10 in reservoir rocks within the Ty Formation from the Palaeocene, the regulator mentioned.
Within the major exploration goal, effectively 15/9-25 “encountered a 22-meter [72.2-foot] thick layer of aquiferous sand with superb reservoir high quality within the Hugin Formation within the Vestland Group”, the regulator mentioned. Within the Ty Formation, the effectively encountered a 32.8-foot (10-meter) gasoline column in a thick sandstone reservoir with “superb reservoir high quality”. The gasoline/water contact was encountered 7644 ft (2,330 meters) under sea stage, which confirms the contact encountered in close by wells, the discharge mentioned. Properly 15/9-25 was drilled to a measured depth of 9,422.6 ft (2872 meters) under sea stage, and was terminated within the Smith Financial institution Formation within the Higher Triassic.
2023 Overview and 2024 Outlook
Harbour’s manufacturing in 2023 averaged 186,000 barrels of oil equal per day (boepd), break up roughly 50-50 between liquids and gasoline, in comparison with 208,000 boepd within the earlier 12 months.
Harbour in December 2023 agreed to amass considerably all of Wintershall Dea’s upstream belongings for $11.2 billion. The acquisition is topic to shareholder and regulatory approvals and is anticipated to conclude within the fourth quarter of 2024.
“Harbour materially superior its technique throughout 2023”, Harbour CEO Linda Cook dinner mentioned in a latest assertion. “We improved our security efficiency, generated materials free money circulate, and progressed our worldwide development alternatives and CCS [carbon capture and storage] tasks, whereas sustaining our capital self-discipline. This enabled continued shareholder returns over and above our base dividend whereas retaining the pliability that allowed us to announce a transformational acquisition in December”.
“We stay targeted on the profitable completion of the Wintershall Dea acquisition and the continued secure and environment friendly administration of our current portfolio”, Cook dinner added. “We’re enthusiastic about our future as we glance to proceed to construct a geographically numerous, giant scale, impartial oil and gasoline firm targeted on secure and accountable operations, worth creation and shareholder returns”.
To contact the creator, e mail rocky.teodoro@rigzone.com