Statoil: Significant Gullfaks discovery
(Thomson Reuters ONE) -
Statoil (OSE:STL, NYSE:STO) and partner Petoro have proven considerable
additional resources in the Shetland Group/Lista Formation in the Gullfaks
licence.
The Shetland Group and the Lista Formation are younger and slightly shallower
deposits with different properties compared to the deposits of the Brent Group
where the Gullfaks main reservoirs are located.
Indications of hydrocarbons in the Shetland Group/Lista Formation in the
Gullfaks licence have been known for a long time, but they have not yet been
developed due to poor reservoir qualities. A new well test in this interval
however indicates good flow rates.
"The discovery provides new volumes that can give high-value production in a
short time as well as new and promising perspectives for the field and the
installations," says Øystein Michelsen, executive vice president for Development
and Production Norway. "This is a result of Statoil's strategy for
revitalisation of the Norwegian continental shelf."
Production well 34/10-A-8 on the Gullfaks A platform, where the well test is
carried out, currently provides a high and stable production of 7500
barrels/day. The well has produced nearly 1 million barrels since December 2012.
Preliminary calculations based on interpretation, modelling, formation testing
and sampling in the relevant interval indicate that the discovery contains in
the range of 40-150 million recoverable barrels of oil equivalents. However,
this resource estimate involves a high degree of uncertainty. Our models
indicate further upside potential,data gathering and studies are currently
ongoing to clarify the potential and further development of these resources.
Located in the Tampen area in the northern North Sea, Gullfaks came on stream on
22 December 1986. The field development consists of three permanent
installations, which have produced more than 2.4 billion barrels of oil and more
than 56 billion cubic metres of gas.
The licensees of the Gullfaks Field are Statoil as operator with 70% and partner
Petoro with 30%.
Contacts:
Investor relations
Lars Valdresbråten, Investor Relations, + 47 40281789 (mobile phone)
Morten Sven Johannessen, vice president, US IR +1 203 570 2524 (mobile phone)
Media relations
Ola Anders Skauby, press spokesperson, Norwegian continental shelf
+ 47 90 59 85 19 (mobile phone)
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statoil via Thomson Reuters ONE
[HUG#1694376]
Unternehmensinformation / Kurzprofil:
Datum: 19.04.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 250776
Anzahl Zeichen: 3326
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Statoil: Significant Gullfaks discovery"
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