Talisman Makes Norway Oil Discovery

18 June 2009 (Last Updated June 18th, 2009 18:30)

Talisman Energy has encountered oil after drilling north of the Varg field in the North Sea, the company has announced. The company, which has finished drilling appraisal well 15/12-21 A, said that the well encountered oil in the same reservoir rocks as the discovery well. Th

Talisman Energy has encountered oil after drilling north of the Varg field in the North Sea, the company has announced.

The company, which has finished drilling appraisal well 15/12-21 A, said that the well encountered oil in the same reservoir rocks as the discovery well.

The appraisal well shows that the size of the discovery could produce 6-21 million standard cubic metres of recoverable oil equivalents, the company said in a statement.

The appraisal well was drilled to a vertical depth of 3,306m below sea level by the Maersk Guardian. The well will be permanently plugged and abandoned.