Idemitsu strikes oil

8. desember 2010

The Titan discovery is located northeast of the the Fram field, in one of Idemitsu’s core areas...

Hydrocarbons, mainly oil, was proven in a 435-metre column in the Heather Formation, the Brent Group, the Drake Formation and the Cook Formation.

The reservoir levels in the well are in different pressure regimes, and no hydrocarbon-water contact was encountered. The discovery, made in the Titan prospect, looks promising, but will require appraisal drilling to determine its size and extent. Preliminary estimates of the size of the discovery indicate between 2 and 10 million Sm3 of recoverable oil equivalents.

The well is the first exploration well in production license 420, which was awarded on February 16th, 2007 (APA 2006). The well was drilled by the Bredford Dolphin to a vertical depth of 3,664 meters and was terminated in Upper Triassic rocks. The water depth at the site is 370 meters.
PL 420 is operated by RWE Dea (30 %), and partners are Statoil (40 %) and Idemitsu (30 %).

See press release from Norwegian Petroleum Directorate: