Wintershall makes oil discovery in the Dutch North Sea
Wintershall announces an oil discovery in exploration licence F17a in the Dutch North Sea about 120 kilometers north of Den Helder. Exploration well F17-10 found a Late Cretaceous Chalk reservoir of good quality containing crude oil. Oil was produced during a production test. The well was spudded on 18 September 2012 with jack-up rig GSP Saturn in a water depth of 44 meters. The well drilled to a total depth of 1490 meters into the top of a salt dome. Measurements taken in the well indicate the presence of a significant oil column. Preliminary resource estimates indicate a potential of at least 30 million barrels recoverable oil with a more than significant upside. The well will be plugged and abandoned. Commercial viability of the discovery as well as further upside will need to be confirmed through appraisal drilling planned in 2013.
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