GEO ExPro

Exploration Update: Light Oil Discovery in Barents Sea, Norway

Although the quantities discovered are relatively small, with estimates of between 20-60 MMbo recoverable, the well proves the presence of oil in the blocks north of the Wisting field, Barents Sea.
This article appeared in Vol. 16, No. 5 - 2019

Advertisement

Exploration Update: Light Oil Discovery in Barents Sea, Norway

A discovery in the Barents Sea, announced in late August, has found light oil in licence PL855, about 350 km north of the Norwegian town of Hammerfest in water depths of about 450m. The well, Sputnik-1, about 30 km to the north-east of the Wisting oil field, was primarily targeting the Late Triassic Snadd Formation. 

  • © Equinor.

Although the quantities discovered at Sputnik are relatively small, with estimates of between 20 and 60 MMbo recoverable, the well proves the presence of oil in the blocks north of the Wisting field, which itself has an estimate recoverable resource of 440 MMbo. The geology of Barents Sea area is very complex, meaning that each well drilled adds valuable information about a region which could hold up to 17.6 Bboe in the Norwegian sector alone.

Further Reading on Oil and Gas Activity in the Barents Sea

Diving Deeper to Reveal Hydrocarbon Potential in the Barents Sea
Sören Naumann and Rune Sakariassen; PGS
An unusual seismic acquisition configuration resolves the challenges of the Barents Sea through an innovative combination of streamer setup and advanced imaging technologies.
This article appeared in Vol. 16, No. 3 - 2019

First Look at High Resolution 3D Multicomponent Seismic Data from the Barents Sea
Rune Sakariassen, Nicola O’Dowd and Sören Naumann; PGS
Brand new, high resolution, 3D multicomponent seismic data from PGS has enhanced the geological understanding of one of the last remaining frontier basins in the far south-west Barents Sea.
This article appeared in Vol. 15, No. 6 - 2018

Exploration Success in the Norwegian Barents Sea
Paolo Esestime, Spectrum
Modern 3D seismic offers the opportunity to generate new hydrocarbon prospects on the Norsel High at the heart of the Norwegian Barents Sea.
This article appeared in Vol. 15, No. 1 - 2018

Advertisement

Related Articles

Exploration Europe

Will Lebanon be the Next Hydrocarbon Exploration Hotspot?

Despite prolific hydrocarbon indicators, offshore Lebanon is the last place to be explored in the Eastern Mediterranean. With a new round opening, will Lebanon be the next exploration hotspot?
Offshore lebanon hydrocarbon oil gas exploration licensing round 8 thumb