Project Profile
Value: US$200 million
Location: Norwegian North Sea, Norway
Start-up Year: 2013
Wstimated Resource: 260 million boe
Water Depth: 110m
The project will see the exploration well 30/11-8 S, drilled on the Krafla prospect, which has encountered oil in the Brent group which was the primary target for the well. The well was drilled to a vertical depth of 3,822 metres below sea level in water depths of 107.5 metres. The well proved a hydrocarbon column of around 200 metres in good quality reservoir rocks. The estimated size of the discovery is between 12.5 and 56.5 million barrels of recoverable oil equivalent. The Krafla West found hydrocarbons in two columns with a total thickness of 300m; preliminary calculations indicate that the find contains 12.6 to 37 million barrels of recoverable oil equivalent. The Krafla and Krafla West discoveries have combined proven reserves of 50 to 75m boe. The discoveries will most likely be developed and produced by tie-back to one of the subsea installations in the Oseberg area. Krafla is located 16 kilometres from the Katla prospect which was proven in 2009 and 26 kilometres of the Oseburg South field.
The Askja will be considered developed together with the Krafla and Krafla West discoveries made by Statoil in 2011. Total volumes in Askja West and Askja East to be in the range of 19 - 44 million barrels of recoverable oil equivalent. Statoil is the operator of exploration wells 30/11-9 S and 30/11-9 A situated in PL272. The exploration wells 30/11-9 S and 30/11-9 A, drilled by the drilling rig Ocean Vanguard, are located between the Oseberg and Frigg fields and about 13 km southeast of the Statoil-operated Krafla/Krafla West discoveries.
Operators:
Statoil: Operator with 75% interest
Aker BP: 25% interest
Contractor:
Diamond Offshore: Drilling semi-submersible Ocean Vanguard
Songa Offshore: Drilling contract using the Songa Delta rig