Vår Energi makes new oil discovery close to Goliat within the Barents Sea

Vår Energi has confirmed an oil discovery within the Countach appraisal effectively close to the Goliat subject within the Barents Sea.

The effectively’s preliminary estimated recoverable gross assets vary between 4 and 25 Mboe, growing the entire estimated recoverable assets for the Countach discovery to between ten and 55 Mboe.

Vår Energi stated the invention highlights the potential of the Goliat Ridge, the place it plans further drilling in 2025 to evaluate greater than 100 Mboe of gross potential recoverable assets.

Vår Energi operates the Countach license with a 65% stake, whereas Equinor holds the remaining 35%.

The appraisal effectively was drilled following Countach’s preliminary discovery in 2023, which had estimated recoverable assets of between three and 13 Mboe.

The Barents Sea, believed to comprise half of the remaining undiscovered assets on the Norwegian continental shelf, stays a focus of Vår Energi’s exploration efforts.

The Countach appraisal effectively marks the primary of a two-year drilling marketing campaign in collaboration with Equinor, which goals to discover each infill manufacturing wells and exploration wells.

Over the following 4 years, Vår Energi plans to drill round 20 exploration wells within the area as a part of its technique to keep up long-term manufacturing of 350,000 to 400,000 barrels of oil equal per day.

Along with good high quality oil within the Kobbe formation, a 200 m oil column was found within the Klappmyss formation which, regardless of decrease reservoir high quality, presents new alternatives within the deeper sections of the Goliat Ridge.

To assist additional growth, Vår Energi plans to amass new 3D and 4D seismic information in 2025.

Torger Rød, COO of Vår Energi, stated: “It is extremely encouraging to find oil near the Goliat infrastructure and we’re excited concerning the potential further alternatives introduced within the Goliat Ridge.

“Three extra wells are anticipated to be drilled in 2025, the Zagato North, Zagato South and Goliat North wells, focusing on related alternatives within the Goliat Ridge between the Goliat subject and the Countach discovery.

“The potential to unlock important further assets is appreciable, with the potential for remodeling them into high-value barrels utilizing the manufacturing capability out there on the Goliat plant.”

Extra gross recoverable potential assets within the Goliat Ridge, together with the Zagato North, Zagato South and Goliat North prospects, are estimated to exceed 100 Mboe.

“Vår Energi makes new oil discovery close to Goliat within the Barents Sea” was initially created and revealed by Offshore technologya model owned by GlobalData.

The story continues