ConocoPhillips made a large discovery of oil in the Norwegian Sea near a producing oil field, the US oil and gas company said on Tuesday.
Preliminary estimates indicate the field contains between 75 million barrels and 200 million barrels of recoverable oil equivalent, ConocoPhillips said, adding that further assessment would determine flow rates and ultimate resource discovery, as well as a potential plan. of development.
The new discovery on the Slagugle prospect is just 14 miles northeast of the Heidrun field, which was discovered by Conoco in 1985 while he was the operator for the exploration and development phase. Heidrun has produced oil and gas since 1995.
ConocoPhillips, the operator of the license containing the latest petroleum discovery on the Slagugle prospect, will now assess the discovery alongside other nearby prospects with a view to future scoping of the discovery and a potential link to the existing infrastructure in the region, Norwegian Petroleum. Says the management.
“This discovery marks our fourth successful exploration well on the Norwegian Continental Shelf in the past 16 months,” said Matt Fox, executive vice president and chief operating officer of ConocoPhillips, in a statement.
“All four discoveries were made in well-documented parts of the North Sea and Norwegian Sea and offer very low cost supply resource additions that can extend our heritage of more than 50 years in Norway,” Fox added.
Last month, ConocoPhillips announced a new discovery of 50-190 million barrels of recoverable oil equivalent gas condensate, located 22 miles northwest of the Heidrun field. At the time, Fox said that “this discovery, potentially the most significant on the Norwegian continental shelf this year, strengthens our position in the Norwegian Sea and in the Heidrun region.”
Also off the coast of Norway, ConocoPhillips, as operator, began production earlier this month from the redeveloped Tor field, which was operational between 1978 and 2015. The Tor II project is one of many development opportunities in the Greater Ekofisk region of the North Sea that allow efficient operations to continue around 2050. The project has a Brent supply cost of less than $ 30 per barrel, ConocoPhillips said.
By Charles Kennedy for Oil chauffage
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