SHARE
Image courtesy of Statoil.

Norway’s Statoil said Wednesday it made a new gas discovery at the Snefrid Nord prospect in the Norwegian North Sea.

Well 6706/12-2, located in offshore license PL218, encountered a 344 foot gas column in the Nise Formation at the deepwater Vøring area, Statoil said.

The well was drilled by the Transocean Spitsbergen.

Statoil estimates recoverable resources at Snefrid Nord to be in the range of 31 to 57 million barrels of oil equivalent.

The new discovery increases the resource base for the Aasta Hansteen field development by about 15 percent.

“Near-field exploration is the main focus of our Norwegian continental shelf exploration program in 2015. By proving additional timely resources, we extend the production life of our fields and create significant value, Statoil’s senior vice president of exploration for Norway Irene Rummelhoff said.

The Snfrid Nord discovery is located near the three gas discoveries comprising the Aasta Hansteen field development: Luva, Haklang and Snefrid South.

The discovery will now be further evaluated for future tie-in to the Aasta Hansteen infrastructure.

Statoil is drilling two exploration wells near the Aasta Hansteen field in 2015 with the aim of proving upside potential in the area.

After completing the Snefrid Nord discovery the Transocean Spitsbergen will move to Statoil’s neighboring licence PL602 and drill an exploration well in the Roald Rygg prospect.

Statoil operates well 6706/12-2 with a 51 percent interest.

Germany’s Wintershall holds a 24 percent interest, Austria’s OMV holds a 15 percent interest and ConocoPhillips holds a 10 percent interest.