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Image courtesy of Harald Pettersen/Statoil.

Statoil drilled dry at its last well in its Barents Sea exploration program on the Norwegian Continental Shelf.

The 7227/10-1 probe at the Saturn prospect encountered about 40 meter-thick reservoir rocks in the Snadd formation and about 15 meter-thick reservoir rocks in the Kobbe formation.

Both reservoirs were of “poor” quality and the well was declared dry.

The Saturn well is located in the Statoil operated production licence 614, 18 miles southwest of the 7228/7-1 oil and gas discovery and about 130 miles northeast of Hammerfest.

The well was drilled to a vertical depth of 10,154 feet below the sea surface in water depths of 761 feet by the Transocean Spitsbergen.

Data acquisition and sampling were carried out.

The well will now be permanently plugged and abandoned.

The Transocean Spitsbergen rig will move to cut and pull the wellhead at the Mercury well before being cold stacked for the rest of the year.

The Saturn well is the latest in a string of disappointing Barents Sea probes for Norway’s Statoil.

Since kicking off a 12 well drilling campaign last year the company has only discovered a small oil field at the Drivis prospect and sub-commercial gas shows in the vicinity of its Jonah Castenberg license.

“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’s senior VP for Norwegian Continent Shelf exploration Irene Rummelhoff said.