Eni makes new oil discovery in offshore North Norway
- Eni’s new oil discovery is an example of “near field” exploration model, which serves to guarantee production of reserves

Eni announced a new oil discovery in the southwest of the Johan Castberg field offshore Norway, according to the company on Monday.

The well is located approximately 23 kilometers southwest of the discovery well of Johan Castberg and 226 kilometers North West of Hammerfest in Norway

The company underlined that the discovery was in the company's "near field" exploration model, which serves to guarantee the production of reserves via synergies with existing infrastructure, significantly reducing the time to market.

"The new discovery has been made via the well 7219/9-2, drilled in 336 meters of water depth in the Kayak prospect of the Barents Sea PL532 License (Statoil 50 percent Op., Eni 30 percent and Petoro 20 percent)," the company said.

The company underlined that preliminary estimates of the size of the discovery are between 100 and 180 million barrels of oil in place (25 – 50 million barrels of recoverable oil ) with further potential to be evaluated.

By Gulsen Cagatay

Anadolu Agency



03 Jul,2017