Drilling operations on the Velocette (PL1016) exploration effectively in Norway have kicked off, Longboat Power has revealed.
The corporate, which holds a 20 % stake within the effectively, famous that it’s a gas-condensate prospect concentrating on Cretaceous Nise turbidite sands on the japanese flank of the Utgard Excessive within the Norwegian Sea.
The prospect advantages from seismic amplitude anomalies indicative of gas-filled sands and is situated inside tieback distance from the Equinor operated, producing Aasta Hansteen discipline, the corporate mentioned in its media assertion.
Velocette is estimated to include gross unrisked imply sources of 177 mmboe (35 mmboe internet to Longboat JAPEX Norge) with a geological probability of success of 30 %, in line with the corporate. Quite a lot of follow-on alternatives exist inside license PL1016 with combination gross unrisked imply sources of 200 mmboe, which might be considerably de-risked by success within the Velocette effectively, Longboat Power famous. The important thing dangers related to this prospect are reservoir presence and high quality, in line with Longboat.
The license partnership consists of Longboat JAPEX Norge AS (20 %), OMV Norge AS (40 %, operator) and INPEX Idemitsu Norge AS (40 %).
“We’re excited to have commenced drilling the Velocette prospect which might be our ninth exploration effectively. Velocette is a gasoline weighted alternative concentrating on very important potential sources. The exploration effectively additionally has important follow-on potential that might be derisked within the case of success,” Helge Hammer, Chief Govt of Longboat Power, commented.
OMV, the operator, was given consent by the Petroleum Security Authority of Norway to drill the effectively on the finish of June. In September final 12 months, OMV, along with Wintershall Dea, awarded a deal to Transocean for using their Transocean Norge, a sixth era drilling rig, for a complete of 17 wells.
These wells embrace all agency and extra potential wells within the interval from 2023 to 2027. Out of the 17 wells below contract, six are OMV operated wells, together with the Velocette prospect.
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