Vår Energi ASA has reported a profitable discovery at its operated Cerisa exploration properly in manufacturing license PL 636 offshore Norway.
Var Energi confirmed estimated gross recoverable sources of between 18 million and 39 million barrels of oil equal (MMboe), the corporate stated in a information launch.
The corporate remarked that that is the fourth discovery in a row near the partly electrified Vår Energi operated Gjøa platform. Along with earlier discoveries in Gjøa North and Ofelia/Kyrre, Cerisa is a candidate to be tied into the Gjøa subject by use of current infrastructure within the space. Mixed, the discoveries have estimated gross recoverable sources of as much as 110 MMboe, in keeping with the discharge.
The Gjøa subject is about 49.7 miles (80 kilometers) southwest of Florø. The Cerisa discovery is positioned 10.6 miles (17 kilometers) northeast of the Vår Energi-operated Gjøa platform and three.1 miles (5 kilometers) from the Duva subsea template.
The Cerisa exploration properly and three further side-track appraisal wells have been drilled by the semi-submersible drilling rig Deepsea Yantai. The oil-water contact was not encountered within the wells drilled, implying potential upside to the estimated useful resource vary, Var Energi famous.
“The Gjøa space constitutes a key a part of the Firm’s hub technique on the Norwegian Continental Shelf. The Cerisa discovery is a testomony to our constant and profitable exploration technique, concentrating on excessive worth barrels near current infrastructure. It clearly demonstrates the potential to unlock additional sources within the space and provides to the worth accretive synergies ensuing from the Neptune transaction. It provides extra excessive worth, low carbon barrels supporting our goal to ship between 350-400 thousand barrels of oil equal per day from 2025 and past. This discovery will now be assessed along with the opposite discoveries round Gjøa, the place the Gjøa North and Ofelia/Kyrre developments are already ongoing”, says Vår Energi COO, Torger Rød.
Over the previous 5 years, Vår Energi stated it has had a discovery price of over 50 %, with discovering prices of lower than $1 per barrel submit tax. The invention helps the corporate’s plans for steady growth of the North Sea as a long-term manufacturing hub for. The Cerisa discovery is at present being included as a part of the Gjøa North and Ofelia/Kyrre venture workforce to allow a fast-track supply of those 4 discoveries into manufacturing, the corporate stated.
The license companions within the asset are Vår Energi because the operator with a 30 % stake, Inpex Idemitsu Norge AS with 30 %, PGNiG Upstream Norway AS with 30 %, and Sval Energi AS with 10 %.
In April, Vår Energi confirmed the invention of oil within the Balder space within the Central North Sea.
The corporate’s newest Ringhorne North exploration properly in manufacturing license PL 956, which it operates, was profitable with estimated recoverable sources of between 13 million and 23 million barrels of oil, Var Energi stated in an earlier assertion.
The Ringhorne North exploration properly and two further side-track/appraisal wells have been drilled by the semi-submersible rig Deepsea Yantai within the Central North Sea, 5 miles (eight kilometers) north of the Vår Energi-operated Ringhorne subject, about 124 miles (200 kilometers) northwest of Stavanger, in keeping with the discharge. Var Energi acknowledged that it considers the invention a possible business candidate to be tied into close by current infrastructure within the Balder space.
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