Kramsnø

Statoil has announced gas discovery at Kramsnø prospect in the Barents Sea.

The company said that the exploration programme around the Johan Castberg field has been vital in providing area knowledge, but did not yield expected oil volumes.

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In 2011-12, the company made two high-impact oil discoveries in the Barents Sea. Skrugard and Havis provided a total of 400-600 million barrels of recoverable oil.

According to the company, both discoveries opened a new petroleum province in the Barents Sea and created a basis for the development of the Johan Castberg project, which has a range of potential prospects.

In order to clarify additional oil potential in the area and make the development project robust, Statoil launched a targeted exploration campaign around the Johan Castberg field in 2013 comprising five prospects.

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Kramsnø was said to be the fourth of the five prospects.

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"Statoil operates the production licence PL532 with an ownership share of 50%. Other partners include Eni Norge (30%) and Petoro (20%)."

Statoil Norway exploration senior vice-president Irene Rummelhoff said: "We are approaching the end of the current drilling programme around the Johan Castberg field.

"The last prospect we will test in this exploration campaign is Drivis, and we will commence drilling operations right after the completion of Kramsnø."

Statoil northern Norway field development vice-president Erik Strand Tellefsen said: "The exploration campaign is serving its purpose of maximising our knowledge of the area, but has not provided the additional resources we hoped for."

Statoil operates the production licence PL532 with an ownership share of 50%. Other partners include Eni Norge (30%) and Petoro (20%).

Image: Location map of Kramsnø prospect in the Barents Sea. Photo: courtesy of Statoil.

Energy