Aker BP has revealed that the Øst Frigg Beta/Epsilon exploration properly located within the Yggdrasil space of the Norwegian North Sea has resulted in a “vital” oil discover.
Preliminary estimates point out a gross recoverable quantity of 40-90 million barrels of oil equal, in line with the corporate, which highlighted that this determine surpassed a beforehand communicated pre-drill estimate of 18-45 million barrels of oil equal.
Aker BP stated the invention enhances the useful resource base for the Yggdrasil growth, which it famous was beforehand acknowledged at 650 gross million barrels of oil equal. the plan for growth and operations was submitted to Norwegian authorities in December 2022, with manufacturing scheduled to begin in 2027, Aker BP highlighted.
“We’re extraordinarily happy with the outcomes of this properly,” Per Øyvind Seljebotn, Aker BP’s SVP of Exploration and Reservoir Improvement, stated in an organization assertion.
“The invention will likely be evaluated as a possible addition to the Yggdrasil growth. We see additional upside potential round Yggdrasil and, in collaboration with our companions, will proceed lively exploration within the space,” Seljebotn added.
Aker BP’s discovery is located inside manufacturing licenses 873 and 442. The corporate is the operator of each licenses, holding a 47.7 % curiosity in license 873 – alongside Equinor (40 %) and PGNiG Upstream Norway (12.3 %) – and an 87.7 % stake in license 442 – alongside PGNiG Upstream Norway (12.3 %).
On the time of writing, Equinor and PGNiG Upstream Norway had not made any point out of the invention on their web sites.
Certainly one of Many
Aker BP’s newest discover is one in all many made offshore Norway this yr. Earlier this month, the Norwegian Petroleum Directorate (NPD) introduced a fuel/condensate discovery close to the Kristin discipline within the Norwegian Sea, by way of wildcat properly 6406/5-2 S, and in April it introduced an oil discovery close to the Gudrun discipline within the North Sea, by way of properly 15/2-2 S.
The first exploration goal for properly 6406/5-2 S was to show petroleum in Center and Decrease Jurassic reservoir rocks (the Garn, Ile and Tofte formations), the NPD highlighted, including that preliminary estimates place the scale of the invention within the Garn Formation between 0.2 and 1.1 million Sm3 (commonplace cubic meters) of recoverable oil equal. The preliminary estimate of the scale of the properly 15/2-2 S discovery is between 0.95 – 5.55 million Sm3 of recoverable oil equal, in line with the NPD.
Additionally in April, the NPD introduced an oil discovery within the North Sea, by properly 25/4-15, noting that preliminary calculations positioned the scale of the invention between 0.5 and 0.8 million Sm3 of recoverable oil. In March, the NPD introduced an oil and fuel discovery close to the Fram discipline within the North Sea, by way of properly 35/10-9, and an oil discovery close to the Goliat discipline within the Barents Sea. Preliminary estimates positioned the scale of the previous between 3.8 and 13.3 million Sm3 recoverable oil equal, in line with the NPD. Preliminary estimates of the scale of the invention close to Goliat, within the section that was drilled, had been between 0.5 and a pair of.1 million Sm3 recoverable oil equal, the NPD highlighted.
In February, the NPD revealed that an oil discovery had been made close to the Ivar Aasen discipline within the North Sea and that an oil and fuel discovery had been made close to the Troll discipline within the North Sea. Preliminary estimates place the scale of the previous between 0.5 and 1.4 million Sm3 of recoverable oil equal and the latter between 2.7 and seven.4 million Sm3 of recoverable oil equal, the NPD outlined.
Again in January, the NPD introduced a fuel discovery close to the Aasta Hansteen-field within the Norwegian Sea, by way of wells 6605/1-2 S and 6605/1-2 A. Preliminary estimates positioned the scale of the invention between two and 11 billion Sm3 of recoverable fuel, the NPD revealed.
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