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New Light Oil Discovery in the Barents Sea by Equinor

Gasoil News - Published on Thu, 22 Aug 2019

Image Source: Equinor
Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 million barrels of oil. The Sputnik well was drilled in licence PL855, approximately 30 kilometres North East of the Wisting discovery. The well encountered a 15 metre oil column in a Triassic sandstone reservoir. Fluid samples contain light oil and water.

Mr Nick Ashton, Equinor’s senior vice president for exploration in Norway and the UK, said that “We are encouraged by this result as it confirms the presence of oil north of the Wisting discovery, where Equinor has acquired a strong acreage position. The geology in the Barents Sea is complex, and more work lies ahead to determine commerciality. But this discovery shows that persistence and our ability to learn from previous well results does pay off.”

Source :

Posted By : Sanju Moirangthem on Thu, 22 Aug 2019
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