ConocoPhillips announced a major new gas condensate discovery in the Norwegian Sea off the coast of Norway.
The site is located 22 miles northwest of the Heidrun Field and 150 miles from Norway. Preliminary estimates place the size of the discovery between 50 and 190 million barrels of recoverable oil equivalent, according to the company.
ConocoPhillips Skandinavia AS is operator of the license with 65 percent working interest. PGNiG Upstream Norway AS holds 35 percent working interest.
The discovery well, 6507/4-1 (Warka), was drilled in 1,312 feet of water to a total depth of 16,355 feet. Further appraisal will be conducted to determine potential flow rates, the reservoir’s ultimate resource recovery and plans for development.
“This discovery, potentially the largest on the Norwegian Continental shelf this year, bolsters our position in the Norwegian Sea and the Heidrun area,” declared Matt Fox, executive vice president and chief operating officer.
He said the Warka discovery could extend the company’s multi-decade success on the Norwegian Continental Shelf.
The Warka well was drilled by the Leiv Eiriksson drilling rig, which upon completion of the well will proceed to drill exploration well 6507/5-10 S (Slagugle) in production license 891, which is located 14 miles north-northeast of the Heidrun Field. ConocoPhillips Skandinavia AS is operator of production license 891 with 80 percent working interest and Pandion Energy AS holds 20 percent working interest.