Closer look at Peon

July 23, 2009, 09:59 CEST



Part of the Naust formation, this shallow deposit contains estimated recoverable resources of 15-30 billion standard cubic metres. The main goal of the appraisal well was to test the productivity of the discovery and to qualify the well concept for a possible development.

“We’re the first company to look at opportunities for commercial utilisation of shallow gas,” explains Finn Langgård, project manager for Peon.

“In connection with this discovery, we’re developing new technology which will allow us to utilise gas resources of this kind.

“We’ve taken an important step forward with the present well in qualifying the solutions which will make it possible to recover Peon gas.”

The well was drilled from the Transocean Winner semi-submersible rig to a vertical depth of 640 metres in 372 metres of water. It will now be plugged and abandoned.

The licensees in production licence 318 are StatoilHydro, the operator with 60%, Petoro with 20% and Idemitsu Petroleum Norge with 20%.