Equinor and Partners in Barents Bounty
New find will likely be tied into future Johan Castberg infrastructure.
Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production license 532 in the Barents Sea. Recoverable resources are so far estimated at between 31–50 million BOE. The well was drilled about 10 km southwest from the well 7220/8-1 on the Johan Castberg field.
“Succeeding in the Barents Sea requires perseverance and a long-term perspective,” says Nick Ashton, Equinor’s senior vice president for exploration in Norway. “This discovery strengthens our belief in the opportunities that exist, not least around the Castberg, Wisting, Snøhvit, and Goliat areas.”
The well, drilled by semisubmersible Transocean Enabler, struck 109 m of oil in the Stø and Nordmela formations. The top reservoir was encountered at a vertical depth of 1788 m below sea level. The expected gas cap was not encountered in the well.
The well was not formation tested, but extensive data acquisition and sampling took place.
Equinor said further development of the discovery toward the planned infrastructure for the Johan Castberg field will be considered at a later stage.
Exploration well 7220/7-4 is the first of four planned exploration wells for Equinor in the Barents Sea this year.