Norway records seven commercial discoveries in year to date

Norway records seven commercial discoveries in year to date

Westwood Global Energy reports that there were two exploration and one appraisal wells active as of July 28. Key wells in July include frontier play tests at Stovegolvet and Stangnestind, both of which completed. A total of 17 exploration wells have completed to date in 2021, from which seven commercial discoveries have been made giving a 41% commercial success rate to date.

North Sea

Operations at Equinor and Total's 31/11-1 S Stovegolvet exploration well were completed on June 28. The well is located in the Stord Basin of the northern North Sea and was a high risk, frontier test of the Lower Jurassic, with the nearest well more than 30 km away. The well failed to find hydrocarbons and was abandoned as a dry hole. However, it was successful in penetrating reservoir quality sandstones in the primary objective Johansen Formation and in the secondary objective Upper Jurassic Sognefjord and Middle Jurassic Fensfjord/Krossfjord Formations. Given the lack of hydrocarbons, the well appears to have failed primarily due to a lack of source in the area or charge into the structure. The well was also drilled to assess reservoir properties with respect to CO2 storage.