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OIL AND GASTECH
Norway to examine unknown areas for petroleum
by Daniel J. Graeber
Stavanger, Norway (UPI) May 2, 2013


Statoil finds oil, but disappointed in field results
Stavanger, Norway (UPI) May 2, 2013 - Statoil said Friday it made an oil and natural gas discovery in the Johan Castberg field in the Barents Sea, but was largely disappointed with the results.

Statoil said it made the discovery while drilling into its Drivis prospect in the Barents Sea field. The company estimated the discovery holds between 44 million barrels and 63 million barrels of recoverable oil, of which as much as 54 million barrels may be oil.

Irene Rummelhoff, a vice president in charge of exploration on the Norwegian continental shelf, said the company was pleased with the latest discovery, but otherwise disappointed with the exploration program thus far.

"Out of the five wells drilled, only two have resulted in oil discoveries," she said in a statement.

Drivis was the last of the campaigns targeting the Johan Castberg area for Statoil and its exploration partners.

Its first first project, Nunatak, was described as a "small" discovery for Statoil and not commercially viable.

An offshore area between the Norwegian and Greenland borders will be examined this summer for possible petroleum reserves, the Norwegian government said.

The Norwegian Petroleum Directorate announced plans Friday to map the subsurface layer of the western reaches of the Norwegian continental shelf.

Nils Rune Sandsta, NPD's manager for the project, said the area, dubbed the More basin, is a geological "blank spot" on the Norwegian continental shelf. Drilling this summer will target an area where continental plates separate.

"Material from this area is therefore scientifically interesting," he said in a statement. "It will also increase understanding of the More basin as exploration acreage for future petroleum activities."

NPD advised there was no fishing in the targeted areas and drilling into the subsea layer won't result in the release of any chemicals that may be harmful to the northern environment. The program, which begins later this month, should last about four weeks.

Norway is a European leader in oil and natural gas production. NPD said production figures from February, the last full month for which data are available, revealed about 1.5 million barrels of oil were produced along with nearly 325 trillion cubic feet of natural gas.

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