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November 10, 2021

Aker BP makes minor oil discoveries in Norwegian North Sea

As per the preliminary estimates, the discovery at well 24/12-7 holds around 0.8 million Sm3 of recoverable oil equivalent.

By Archana Rani

Aker BP has made two minor oil discoveries in the Norwegian North Sea by drilling exploration wells at production licences 1041 and 906.

According to the Norwegian Petroleum Directorate (NPD), the company has concluded drilling the wildcat well 24/12-7 in production licence 1041 after drilling to a measured vertical depth of 2,275m below sea level.

The well is situated about 17km south-west of the Bøyla field, and 230km west of Stavanger.

Its primary exploration target was to prove petroleum in the reservoir rocks from the Palaeocene in the Hermod Formation. The well encountered a 38m oil column in sandstone of 20m, with ‘very good to extremely good reservoir properties’.

Additionally, the oil/water contact was confirmed at 2,132m below sea level, with pressure points.

In the secondary exploration target, the well encountered 34m of aquiferous sandstone in the Heimdal Formation, with good reservoir properties.

According to preliminary estimates, the discovery holds around 0.8 million standard cubic metres (Sm³) of recoverable oil equivalent.

However, Aker BP and its partners assessed this discovery as non-commercial and the well has been permanently plugged and abandoned.

Aker BP operates the production licence 1041 with a 55% stake. Other partners include Neptune Energy Norge (30%) and Lundin Energy Norway (15%).

NPD also announced that Aker BP and its partners have made a minor discovery at the wildcat well 7/11-14 S located in production licence 906.

Under preliminary estimates, the discovery holds between 0.7 and 1.5 million Sm³ of recoverable oil equivalent.

Currently, the discovery is considered to be non-profitable by the partners.

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