Aker BP hits oil and gas at Froskelar Main well offshore Norway

04/02/2019 09:35 Energy


The company on Monday said that preliminary analysis indicates a gross discovery size of 45-153 million barrels oil equivalents.

The Froskelår Main well, formally named exploration well 24/9-14, is located in the Alvheim area and follows the Frosk discovery from last year.


The major part of the discovery is in license 869 on the Norwegian Continental Shelf, while a part may straddle the UK-Norwegian border in the North Sea. The well is being drilled using the Scarabeo 8 semi-submersible drilling rig owned by Saipem.


Aker BP is the operator and holds 60 percent interest in license 869. The partners are Lundin Norway (20 percent) and Vår Energi (20 percent).


In a recent capital markets day presentation, AKER BP said it planned a high-potential 2019 exploration program with 15 prospects to be drilled, targeting net unrisked prospective resources of 500 million barrels of oil equivalents (“mmboe”). The company has set aside $500 million for exploration in 2019, which is an increase compared to $359 million in 2018.

Source: offshoreenergytoday.com

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