Preliminary assessments indicate that the new discovery is not profitable. Credit: Norwegian Petroleum Directorate.

Along with a partner, Aker BP has made an oil discovery in production licence 867 B (PL 867 B), offshore Norway, following the drilling of wildcat well 25/10-17 S.

Located 12km north of the Aker BP-operated Ivar Aasen field in the North Sea, the 25/10-17 S well has been drilled to a vertical depth of 4,057m below sea level using the Scarabeo 8 drilling facility.

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Following drilling, the 25/10-17 S well encountered a 3m oil column in the Hugin Formation. Totalling 98m, 80m of the discovery was sandstone of moderate reservoir quality.

The partners made oil/water contact at 3,654m below sea level.

Furthermore, the well intersected residual oil both over and under the oil column in the Hugin and Sleipner formations.

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The Norwegian Petroleum Directorate (NPD) claims that the Skagerrak Formation is water-bearing.

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According to preliminary estimates, the discovery holds 0.5 to 1.4 million Sm³ of recoverable oil equivalent.

However, preliminary assessments indicate that the discovery is currently not profitable.

The well was not formation-tested, but data acquisition and sampling were undertaken.

Aker BP operates PL 867 B with an 80% stake. Lime Petroleum holds the remaining 20% stake.

The first exploration well in the block, 25/10-17 S is expected to be permanently plugged and abandoned.

The Scarabeo 8 drilling rig will be moved to drill another wildcat well, 16/1-25 S, in the Aker BP-operated production licence 1141 in the North Sea.

Recently, Equinor made a hydrocarbon discovery in PL 923, located in the North Sea, near the Troll field, offshore Norway.