Eni makes important find in Norway's Barents Sea

Exploration well data shows 33m columns of gas & 90m of oil

An exploration well drilled at a water depth of 373 metres by Eni in the Barents Sea, encountered a significant hydrocarbon column.
An exploration well drilled at a water depth of 373 metres by Eni in the Barents Sea, encountered a significant hydrocarbon column.

Eni announced what it called an "important" hydrocarbon discovery in the Norwegian Barents Sea, approximately 150 kilometres northwest of the Goliat oil field. The discovery, called Skrugard, has been made through the 7220/8-1 exploration well, the first drilled in the PL532 license awarded in 2009 within the 20th international Norwegian round.

The well has been drilled at a water depth of 373 metres and encountered a significant hydrocarbon column. Eni is in process of completing drilling of the exploration well. The well will be drilled to a vertical depth of 2,250 metres.

Extensive data and sample collection has been carried out. The well proved columns of 33 metres of gas and 90 metres of oil. Proven recoverable resources are preliminarily estimated between 150 and 250 million barrels of oil equivalent. Further appraisal drilling on the structure will be evaluated shortly.

The license also contains additional mineral potential that will be addressed with future exploration drilling activities: the license is estimated to produce up to 250 million additional barrels of oil equivalent reaching an overall potential of 500 million barrels.

The licenses in PL532 are operated by Statoil Petroleum AS (50%, operator), Eni (30%) and Petoro AS (20%).

Eni has been present in Norway since 1965 with current equity production of approximately 130,000 boe/day. Eni operates in Norway through its subsidiary Eni Norge AS and is the operator of the ongoing development of the first oil field in the Barents Sea (the Goliat discovery) and of the Marulk gas field in the Norwegian Sea.

Furthermore in the country Eni has interests in the country in a number of exploration licenses and fields under development and in operation, including Ekofisk, Norne, Åsgard, Heidrun, Kristin, Mikkel and Urd.

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