Hat Trick for Transocean Arctic Offshore Norway, More Drilling Planned

Transocean Arctic, 2007 file image by Marcus Roos

Transocean Arctic, a harsh environment semi-submersible on contract to VNG Norge AS via Rig Management Norway has discovered more oil while drilling on the Norwegian continental shelf about 33 kilometers south-west of the Njord field and its associated production facilities.

VNG Norge AS, operator of the PL 586 license, along with their partners Rocksource ASA, Spike Exploration and Faroe Petroleum note their discovery while drilling the Bue exploration well marks the third successful well following the Pil discovery and appraisal wells earlier this year.

Atle Sonesen, Managing Director in VNG Norge AS, commented on the successful drilling campaign so far noting:

“The appraisals have given us essential better understanding of the Pil-discovery and the good news about upside volumes in Bue. We strongly believe there is a further upside in the licence and have thus ensured the possibility of drilling additional two wells with the same rig in 2015.”

Pil and Bue have combined estimated reserves of 95-175 mmboe. Two additional wells are scheduled to be drilled in 2015, and the PL 586 partnership has now secured rig capacity for this purpose.

The wells 6406/12-3 B (Pil appraisal) and 6406/12-3 A (Bue) were drilled by the Transocean Arctic to a depth of 3,967m and 3,656m below sea level. Both wells were terminated in the Jurassic Melke Formation. The water depth is 324m and the wells will now be permanently plugged and abandoned as planned.

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