Exploration success in the Krafla area

Operator Statoil has together with PL035 partners completed a two-well programme in the Krafla area in the North Sea. Since 2011 significant new recoverable resources have been proven in the area.

The Krafla Main Tarbert appraisal well and the small oil discovery in the Krafla North prospect in December has increased the robustness of the Krafla field development project.

"Since 2011 we have made five discoveries in the Krafla area which includes the licences PL035 and PL272: Krafla Main, Krafla West, Askja West, Askja East and Krafla North," says Irene Rummelhoff, Statoil senior vice president for exploration on the Norwegian continental shelf (NCS).

"Altogether we expect to have discovered recoverable resources in a range of 140 - 220 million boe just 25 km southwest of Oseberg South and 150 km west of Bergen. These are very substantial volumes for a mature area of the shelf," says Rummelhoff.

Statoil puts a lot of effort into unlocking the full potential of the mature areas of the NCS, both through increased recovery initiatives in producing fields and targeted exploration programmes in surrounding areas.

The discoveries in the Krafla area once again demonstrate that growth opportunities still exist in the North Sea.

"Statoil has a unique role as an area architect in the mature parts of the NCS with long experience in developing new discoveries by utilising existing infrastructure," says Knut Skjoldli, vice president field development west in Statoil.

Statoil is the operator of PL035/PL272 with an interest of 50%. The partners are Svenska Petroleum Exploration AS (25%) and Det norske oljeselskap ASA (25%).

Adapted from a press release by David Bizley

Published on 09/02/2015

Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


Related articles

Statoil evacuates some North Sea platform workers ahead of storm

Norwegian oil and gas producer Statoil is moving some workers off seven North Sea platforms in anticipation of a weekend storm.

Statoil completes Barents Sea exploration campaign

Statoil has completed its extensive 2013-2014 exploration programme in the Barents Sea.

Statoil and DNV GL drive subsea factory interface standardisation

Statoil and DNV GL will establish a cooperation to introduce an industry standard for subsea process technology.

Statoil selects Kongsberg for Johan Castberg project

Kongsberg has been awarded a contract for delivery of extended concept study and pre-FEED to the Statoil Johan Castberg project in the Barents Sea.

Recommend magazines

  Oilfield Technology