The Norwegian oil and gas company Vår Energi $VAR (+0,69 %) has confirmed the discovery of an oil deposit in the Barents Sea, which was made with a semi-submersible platform from the COSL fleet.
According to the Norwegian Offshore Directory (NOD), Vår Energi's appraisal well 7122/8-4 S confirmed the oil discovery 7122/8-3 S (Zagato), which was proved in February.
This is the 13th well drilled under production license 229, which was awarded in 1997. Vår Energi is the operator with a 65% stake, Equinor holds the remaining 35%.
The licensees are examining whether the reservoir developed with the COSL Prospector drilling rig can be connected to the existing infrastructure of the Goliat field. The reservoir is estimated to contain 2.8 to 10.1 million standard cubic meters of recoverable oil equivalent, or 18 to 64 million barrels.
According to NOD, the 7122/8-4 S well encountered an 11 meter thick oil column in the Tubåen formation of the Realgrunnen subgroup. The total thickness of the reservoir rocks is 8.5 meters and is of good reservoir quality. The oil-water contact was reached at a depth of 1523 meters below sea level.