Vår Energi announces oil & gas discovery offshore Norway

Eni through Vår Energi announces oil & gas discovery offshore Norway in the Southern North Sea

Eni through Vår Energi, jointly owned by Eni (69,85%) and by HitecVision (30,15%), announces a new significant oil and gas discovery in production license PL027 in the Southern North Sea, with the dual branch exploration wildcat Prince 25/8-20 S, King 25/8-20 B and the appraisal side-track 25/8-20 C in the King Paleogene prospect. Vår Energi (operator) holds a 90% stake of the license and Mime Petroleum is partner with 10%.

The exploration well is located in direct reach of existing infrastructure, approximately 6 kilometers north of the Balder field and 3 kilometers west of the Ringhorne platform in a water depth of 128 meters and is considered as commercial discovery. The Prince wildcat well-branch reached a vertical depth of 2,374 meters below sea level and encountered an oil column of about 35 meters in the Triassic Skagerrak formation within good to moderate reservoir sandstones.

Wildcat well-branch King reached a vertical depth of 2,353 meters and discovered a gas column of about 30 meters and a light oil column of about 55 meters with some thick Paleogene injectite sandstone with excellent reservoir properties. Deepening of the well indicated further the lateral continuity of the Triassic Prince Skagerrak discovery in an adjacent fault block towards the Ringhorne Platform.

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