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Norwegian energy firm Statoil has completed the 2013-2014 exploration programme in the Barents Sea.

The exploration programme began with the drilling of five wells in the vicinity of Johan Castberg to identify the oil potential in the area, in order to plan the field’s development.

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An oil discovery, made in Drivis, will be developed as a part of the Johan Castberg project.

Statoil gained knowledge of the frontier area of the Barents Sea by drilling three wells in the Hoop area.

The company identified a working petroleum system in Hoop.

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Statoil said it needs to complete further work to understand the migration and where the oil has accumulated.

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The final part of the exploration programme was designed to increase the company’s understanding of the petroleum potential in several areas of the Barents Sea, including the Finnmark platform, the Bjørnøya basin north of Johan Castberg, and the Nordkapp basin.

"Exploring in the Barents Sea is not a sprint, but a marathon. It is about long-term thinking, stamina and systematic building of knowledge."

Statoil tested various new geological play models, and the Pingvin well north-west of Johan Castberg was a play-opener, which showed both hydrocarbons and a reservoir in a new unexplored area of the Barents Sea.

Statoil senior vice-president for exploration on the Norwegian Continental Shelf Irene Rummelhoff said: "Exploring in the Barents Sea is not a sprint, but a marathon. It is about long-term thinking, stamina and systematic building of knowledge. I see our 2013-2014 exploration programme as an important building block for the future of Barents Sea exploration.

"Our focus next year will be to analyse the extensive data we have collected, interpret the 3D data from the joint seismic acquisition in the south-eastern Barents Sea, and decide on the way forward in the Barents Sea."

Image: Statoil completed the 2013-2014 exploration programme in the Barents Sea. Photo: courtesy of Statoil.

Energy