Aker BP makes oil and gas discovery near North Sea’s Bøyla field

21/03/2019 09:10 Energy


The oil and gas discovery by Aker BP was made through the drilling of wildcat well 24/9-14 S and a horizontal appraisal well, called 24/9-14 A, in the Froskelår Main prospect located the Alvheim area.

The two wells are located nearly 4km northwest of the Bøyla Field and contained in a water depth of 120m. They were both drilled using the Scarabeo 8 semisubmersible drilling rig.


The 24/9-14S exploration well was drilled to a vertical depth of 2097m below sea level, at which, it intersected a total gas column of 30m, and a total oil column of 38m in the Hordaland group in sandstone layers totaling 35m, with the reservoir properties said to be between very good and excellent.


The 24/9-14 A appraisal well, which was drilled horizontally, intersected multiple gas-bearing and oil-bearing injectite zones totaling 540m, with several sandstone layers with variable reservoir characteristics.


According to Aker BP, the gross resource estimate of the oil and gas discovery is 60-130 mmboe. The company said that a portion of the discovery could straddle the UK-Norwegian maritime border.


The discovery is likely to be linked to nearby existing infrastructure in the Alvheim region.

Source: compelo.com

Daily (15.08.2019): European spot power prices plummeted by over 21% on Wednesday, amid low demand due to a public holiday in the region and surging wind output

15/08/2019 11:40:00

Crude oil prices reversed earlier gains on Wednesday, amid disappointing economic data in China and the Eurozone, particularly in Germany, worsening the crude demand outlook. A surprise increase in the U.S. crude inventories added to the bearish market sentiment. In addition, traders were focused on profit taking after Tuesday’s rise. As a result, Brent crude fell by 3% to $59.48 a barrel, while WTI futures dropped by 3.3% to $55.23 a barrel.


Jan De Nul to install offshore turbines at Denmark's 605-MW Kriegers Flak

15/08/2019 08:38:00

Marine contractor Jan De Nul Group has been hired to install the turbines at the 604.8-MW Kriegers Flak offshore wind farm in the Baltic Sea, off the Danish coast.


TurkStream's receiving terminal 95% complete

15/08/2019 08:34:00

Construction of the TurkStream Offshore Gas Pipeline Project's gas-receiving terminal at Kıyıköy – Turkey's main onshore section – is 95% complete, the project company announced Wednesday.