More good news from the Barents Sea

28. november 2016

Oil discovery in the Neiden prospect.

Idemitsu has, together with its PL 609 license partners, made an oil and gas discovery in well 7220/6‑2 R. The discovery was made as a result of a re-entry and deepening of well 7220/6-2, which was temporarily plugged and abandoned in November 2015. The discovery is made some 60 km north-northeast of the 7220/11-1 Alta discovery in PL 609 and approximately 20 km east of the 7220/8-1 Johan Castberg discovery. 

The primary targets for the well were to prove petroleum in Middle Triassic sandstone rocks (Snadd Formation) and in Permian to Carboniferous carbonate rocks (Ørn Formation).

The well encountered a total oil column of about 20 metres with an overlying gas column of about 10 metres in carbonate rocks in the Ørn Formation, with good to moderate reservoir properties. In the Snadd Formation, the well encountered aquiferous sandstone with moderate to good reservoir properties.

A preliminary estimate of the size of the discovery is in the range between 3 and 7 million standard cubic meters (Sm3) of recoverable oil and between 1 and 2 billion standard cubic metres of recoverable gas.
The well was not production-tested, but extensive data acquisition and sampling was carried out.

The Neiden discovery well concludes Idemitsu’s five-well exploration and appraisal activities on the NCS in 2016, during which no dry wells have been experienced.

“Idemitsu is happy to see one of our two Barents Sea core areas continuing to yield additional resources” says Idemitsu Petroleum Norge’s Managing Director Hiroshi Arikawa. “- Idemitsu is looking forward to and supporting commercialisation of our discoveries made both on the Loppa High and in the Hoop Fault Complex/Wisting area”, Mr. Arikawa continues.

Idemitsu Petroleum Norge AS holds a 30 % share in PL 609. Joint venture partners are Lundin Norway AS (Operator, 40 %) and DEA Norge AS (30 %)

Link to the NPD press release: