October 01st, 2023
STATOIL DRILLING CAMPAIGN IN THE FLEMISH PASS BASIN DISAPPOINTS
Statoil, along with its partner, Husky Energy, has finalized a two-well exploration drilling program in the Flemish Pass Basin offshore Newfoundland.
Both wells were drilled safely and efficiently by the Seadrill West Aquarius in the Flemish Pass Basin, located approximately 500 kilometres east of St. John’s, Newfoundland and Labrador. The two wells, located within tie-back vicinity to Statoil’s 2013 Bay du Nord discovery, did not result in the discovery of hydrocarbons.
“These results are disappointing, as we had hoped to add additional optionality to the near-field area at Bay du Nord,” said Trond Jacobsen, vice president, Exploration, Statoil Canada.
“We will now take the time needed to evaluate the results before firming up any plans for additional drilling near-field to Bay du Nord.”
The volume estimates for Bay du Nord, including the Bay de Verde and Baccalieu discoveries announced in 2016, remain an estimated 300 million barrels of recoverable oil, as previously announced after Statoil’s 2014-16 drilling campaign. Statoil continues to evaluate future drilling activities in other areas where the company holds acreage in the frontier Flemish Pass Basin. The company’s assessment of the commercial potential of the Bay du Nord discovery is also ongoing. (Source: Statoil)
Important News
- TEPCO – DISCHARGE OF FUKUSHIMA CONTAMINATED WATER TO THE OCEAN 27th August 2023
- NORWAY LOGS LARGEST HYDROCARBON DISCOVERY IN A DECADE 12th July 2023
- VOLOCOPTER AND ADP TO OFFER eVTOL SERVICES FOR THE 2024 OLYMPIC GAMES 25th June 2023
exhibitions And conferences
Exhibitions And Conferences
Email The Blog Post
Thank You!
The email has been sent to you successfully.
© Copyright 2023 Energy Global News. All Rights Reserved. | Developed By: Skylark Infotech