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Hanssen announces oil discovery in Barents Sea offshore Norway

4/07/2014 by

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Tullow Oil plc announces that the Hanssen wildcat well, in production licence 537, offshore Norway, has encountered a 20-25 metre oil bearing sandstone with good reservoir properties in the main target. The Hanssen well was drilled about 7 kilometres northwest of the Wisting Central oil discovery and about 315 kilometres north of Hammerfest.

The well also encountered hydrocarbon bearing sandstones in the Late Triassic (Snadd Formation) and in the Middle Triassic (Snadd Formation) but in poor reservoirs. Extensive coring and sampling have been carried out in all hydrocarbon bearing formations.

This discovery was tested and produced a maximum production rate of 2,006 bbls/d of oil and 325,000 scf/d of gas from a short test interval in a vertical well. Tullow anticipates that production rates from future development wells would be significantly higher. Preliminary volume estimates of up to 50 million barrels of recoverable oil from this discovery confirm the potential of the Wisting cluster.

This article has been extracted from http://www.pennenergy.com, please click on this link to read the article in full http://www.pennenergy.com/articles/pennenergy/2014/07/offshore-oil-and-gas-hanssen-announces-oil-discovery-in-barents-sea-offshore-norway.html

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