Aker BP Makes Major Discovery in Froskelaar

Written by Paulo Nogueira

Published on 04/02/2019 at 09:42

Updated on 04/02/2019 at 12:46

Aker BP faz uma grande descoberta em Froskelaar

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A Discovery In The Alvheim Region Of Norway Reveals A Considerable Volume Of Oil And Gas, Eventually Royalties From Production Could Be Shared With The United Kingdom

Aker BP Made A Significant Discovery With An Exploration Well Drilled In Its Froskelaar Main Prospect In Norway. The 24 / 9-14 Scarabeo 8 Rig, Submersible From Saipem, Reached The Oil And Gas Reservoirs, Which Have Estimated Gross Resources Between 45 Million And 153 Million Barrels Of Oil Equivalent, According To The Anglo-Norwegian Operator.

The Asset Was Drilled To A Depth Of 119 Meters Through Production Licenses 340 And 869 Operated By Aker BP, Near Its Boyla Field In The Alvheim Production Area In The North Sea.

Aker BP Said That Most Of The Discovery Is Located In PL869, But Part Of It May Extend Across The Median Line Between The United Kingdom And Norway, In Which Case Each Country Would Benefit From Oil And Gas Tax Revenues Based On The Proportion Of Resources Within Their Borders.

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The Well Was Drilled As A Continuation Of Last Year’s Frosk Discovery, Which Is Expected To Be Linked To The Floating Production, Storage, And Offloading Vessel In Alvheim, In The Field Operated By Aker BP.

The Operator Said That Drilling Work Would Continue To Collect Data To Determine The Size And Quality Of The Discovery.

The Analyst From Sparebank1 Markets, Teodor Sveen-Nilsen, Said That The Latest Discovery Seems Commercial And Will Look Into The Prospect Of Froskelaar North East, Which Is Yet To Be Drilled.

Aker BP Holds A 60% Stake In PL869, With Partners Lundin Norway And Vaar Energi, Each Holding 20%.

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