by Andreas Exarheas
Monday, March 04, 2019
Equinor makes an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea.
Equinor revealed Monday that the company – together with partners Petoro, ConocoPhillips and Repsol – has made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea.
Resources from the find are estimated at between 12 and 28 million barrels of recoverable oil, according to Equinor.
Geological data has been acquired for further analysis and the well has been plugged and abandoned, Equinor revealed. The company said it will now, together with its partners, “consider how to develop this discovery”.
The Telesto well, which is the 26th exploration well in production license 120, was drilled to respective measured and vertical depths of 19,812 feet and 10,820 feet below the sea surface. Water depth at the site is 1,099 feet.
“We are pleased to have made a new discovery on Equinor-operated acreage on the Norwegian continental shelf (NCS),” Nick Ashton, Equinor’s senior vice president for exploration in Norway and the UK, said in a company statement.
“These are profitable barrels that can be quickly tied in to existing infrastructure and generate substantial revenues for society. Infrastructure-led exploration is an important part of our roadmap for the NCS”, he added.
Gunnar Nakken, Equinor’s senior vice president for operations west, said, “we have set ourselves an ambitious goal of sustaining high production from the NCS for decades, and discoveries like this are essential towards this end”.
“It will be natural to tie in the resources to the Visund A platform,” he added.
Back in January, Equinor revealed that the company – together with its partners Petoro, ExxonMobil and Total – had proven gas and condensate in the Norwegian Sea Ragnfrid North exploration well.
Recoverable resources at the find are estimated at between 6 and 25 million barrels of oil equivalent, according to Equinor.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.