Statoil confirms Skrugard volumes
Statoil has completed drilling of an appraisal well on the Skrugard oil field in the Barents Sea. Estimates show that the field contains some 400-600 million barrels of recoverable oil.
Statoil is now considering several alternative development concepts.
The objectives of the appraisal well were to confirm the previous volume estimate and to collect reservoir and overburden data for field development planning. Both objectives have been met, says Norwegian oil giant Statoil.
This confirms the previous volume estimate for the Skrugard discovery and the total resource estimate for the Skrugard and the Havis structures in the same license in the range of 400-600 million barrels of recoverable oil.
“We are very satisfied with the results of the first appraisal well on Skrugard. All findings are in line with our expectations. We are now evaluating further exploration drilling in the area,” says Knut Harald Nygård, vice president exploration Skrugard area, according to Dagens Næringsliv.
Skrugard/Havis will be the northernmost field development on the Norwegian continental shelf so far. Statoil holds a 50% stake as operator of the licence, with partners Eni (30%) and state holding company Petoro (20%).
