Aker BP makes minor gas and oil discovery in Alve Nord area

13 November 2020 (Last Updated November 13th, 2020 09:41)

Exploration and development company Aker BP has found minor volumes of oil and gas with two wells in the northern portion of the Norwegian Sea.

Aker BP makes minor gas and oil discovery in Alve Nord area
According to NPD, the first well intersected an 80m (262ft) gas column in the Garn, Not, and Ile Formations. Credit: Norwegian Petroleum Directorate.

Exploration and development company Aker BP has found minor volumes of oil and gas with two wells in the northern portion of the Norwegian Sea.

According to the Norwegian Petroleum Directorate (NPD), semi-submersible Deepsea Nordkapp drilled wildcat well 6607/12-4 and appraisal well 6607/12-4 A on production license (PL) 127 C.

The wells are located 7km north-east of the Alve Nord oil and gas discovery and 200km west of Brønnøysund.

Located north of the company’s Skarv field, Alve Nord discovery will start production through the Skarv FPSO.

In the primary Jurassic/Triassic target, the first well intersected an 80m gas column in the Garn, Not, as well as Ile Formations.

In the secondary target, the well ‘encountered oil in three reservoir zones in the Lange formation’.

In a press statement, NPD stated: “Preliminary estimates of the size of the gas/oil discovery in the Jurassic/Triassic are between 0.5 and one million standard cubic metres (Sm³) of recoverable oil equivalent.

“The oil discovery proven in the Lower Cretaceous is between 1Sm³ and 2.7Sm³ of recoverable oil equivalent within production licence 127 C.”

Last month, NPD announced that Aker BP-operated Ærfugl gas and condensate field was ready to start production from Phase 1 of the two-phase development.

In August 2018, Aker BP signed an agreement to purchase interests in a portfolio of 11 licences on the Norwegian Continental Shelf from Total E&P Norge for $205m in cash.