Aker BP is set to complete drilling of the Frosk exploration well 24/9-12, which is located close to Alvheim in the North Sea.
This well has proved oil with preliminary analysis showing a discovery size of 30 million to 60 million barrels of oil equivalents (Mboe), much more than the pre-drill estimates of 3Mboe-21Mboe.
The well also indicates further exploration potential in the area. Located in PL340, Frosk also contains the Bøyla field.
Bøyla has been generating oil since 2015 through a subsea installation linked to the Alvheim FPSO.
Aker BP senior vice-president for exploration Gro G. Haatvedt said: “The Frosk discovery adds significant volume and value to our resource base, and provides an ideal basis for another profitable expansion project which will secure optimal utilisation of the infrastructure in the Alvheim area for many years.”
Haatvedt added: “The discovery has given us valuable new information about the geological conditions in the area, and has further increased the attractiveness of other possible exploration targets.”
Evaluation of the discovery by the Norwegian Petroleum Directorate is yet to be completed.
Aker BP is the operator of PL340, holding a 65% working interest. Other parties involved in the field are Point Resources with a 20% stake, and Lundin Petroleum with 15% interest.