Norway Well Slot – 50% exploration success rate so far in 2021

Norway Well Slot – 50% exploration success rate so far in 2021

Westwood Global Energy reports that there were six exploration well programmes active as of April 27. A total of eight exploration wells have completed to date in 2021, from which four commercial discoveries have been made with total resources of c. 217 mmboe, giving a 50% commercial success rate to date.

North Sea

Equinor and Total spudded the Stovegolvet exploration well on April 20 with the Deepsea Atlantic semi-submersible. The well is being drilled in the Stord Basin of the northern North Sea and is a frontier test of the Lower Jurassic, with the nearest well more than 30 km away. A discovery would need to be large enough for a standalone development but could open up the basin for further exploration.