ConocoPhillips
UNITED STATES
22.12.2020, 12:30:38 (GMT+1)

ConocoPhillips Announces Significant Oil Discovery in the Norwegian Sea

HOUSTON – ConocoPhillips (NYSE: COP) today announced a new oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 80 percent working interest. Pandion Energy AS is license partner with 20 percent working interest.

Preliminary estimates place the size of the discovery between 75 million and 200 million barrels of recoverable oil equivalent. Extensive data acquisition and sampling has been carried out in the discovery well 6507/5-10, and future appraisal will be conducted to determine potential flow rates, the reservoir’s ultimate resource recovery and potential development plan.

“This discovery marks our fourth successful exploration well on the Norwegian Continental Shelf in the last 16 months,” said Matt Fox, executive vice president and chief operating officer. “All four discoveries have been made in well-documented parts of the North Sea and the Norwegian Sea and offer very low cost of supply resource additions that can extend our more than 50-year legacy in Norway.”

The discovery well was drilled in 1,165 feet of water to a total depth of 7,149 feet by the Leiv Eiriksson drilling rig.

Not a member yet? To access you will need to login or signup

OceanHub is the Ocean Space knowledge community, where you can:


  • Increase your ocean knowledge, influence and network
  • Connect with ocean users, groups, brands and much more
  • Have a profile, newsfeed and access to read and post articles