Statoil Encounters Oil in Geitungen

Statoil has made an oil discovery on at the Geitungen prospect, reported Det norske, a partner in Production License 265. Oil was encountered and a core sample was recovered.

Drilling operations are ongoing and the final results from the well are not yet available, Det norske said in a statement.

The Ocean Vanguard (mid-water semisub) is drilling exploratory well 16/2-12 to a total depth of 6,759 feet (2,060 meters) to prove the presence of oil-bearing Jurassic sandstones similar to the Johan Sverdrup discovery.

Statoil operates the field with a 40 percent stake; while Lundin holds 10 percent; Petoro holds 30 percent; and Det norske holds the remaining 20 percent.

With more than 10 years of journalism experience, Robin Dupre specializes in the offshore sector of the oil and gas industry. Email Robin at rdupre@rigzone.com.

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Source: http://www.rigzone.com/news/oil_gas/a/120080/Statoil_Encounters_Oil_in_Geitungen?rss=true

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