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Aker BP confirms oil discovery near Yggdrasil

Published by , Editorial Assistant
Oilfield Technology,

Aker BP has successfully completed the drilling of the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area. This marks the longest exploration well ever drilled on the Norwegian Continental Shelf and has resulted in a significant oil discovery.

The updated estimate of the discovery size is 53-90 million boe, which is twice as large as the original pre-drill estimate and slightly larger than the preliminary estimates announced on 25 May.

The discovery, located in the Yggdrasil area, contributes to increasing the resource base for the ongoing Yggdrasil development by approximately 10%. The Yggdrasil development was recently approved by Stortinget (the Norwegian parliament) and is planned to commence production in 2027.

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Offshore news North Sea oil news Oil & gas news