Project Profile
Location: PL855, Barents Sea, Norway
Well: 7325 / 4-1
Reserves: 0.4-1 billion standard cubic metres
Start-up: August 2017
Gemini North is located in Production Licence 855 northeast of the Wisting discovery in the Barents Sea, Norway. Statoil is the operator in Gemini North (PL855) with a 55% stake, OMV holds a 25% stake while Petoro owns 20% in the license. PL 855 was awarded in Norway’s 23rd licensing round to Statoil. Statoil and partners OMV and Petoro have made a small gas discovery in the Gemini North well in August 2017. Recoverable volumes are estimated at 0.4-1 billion standard cubic metres (BCM), approximately 2-6 million barrels of oil equivalent (BOE). In addition, there was proved oil, amounting to approximately 0,5-2 million barrels of recoverable oil.
Operators:
Statoil: 55% interest
OMV: 25% interest
Petoro: 20% interest