New oil resources proved in the Grane area
The Grane platform in the North Sea. (Photo: Harald Pettersen)
"We are pleased with having proved new oil resources in the Grane area," says May-Liss Hauknes, Statoil vice president for exploration in the North Sea. "Near-field exploration is an important part of Statoil’s exploration portfolio on the Norwegian continental shelf. It provides high-value barrels that are important for extending the production life of existing installations.”
The Transocean Leader drilling rig. (Photo: Harald Pettersen)
“Well 25/8-18 S appraised the D-structure and proved substantial additional oil volumes in an excellent sandstone reservoir. This is a result of a recent re-evaluation of the area done by the partnership. New seismic and improved subsurface mapping have given us new confidence in the D-structure and allowed to mature it towards a drilling decision,” says Hauknes.
“Tie in to the nearby Grane field is one of the development solutions that will be evaluated for the discovery,” according to Gro Aksnes, Statoil vice president for area development in Operations West.
Exploration well 25/8-18 S is located in PL169 in the North Sea. Statoil is operator with an interest of 57%. The partners are Petoro AS (30%) and ExxonMobil Exploration & Production Norway AS (13%).
For further details on the results of exploration well 25/8-18 S, please see the press release issued by the Norwegian Petroleum Directorate >>