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Spud of Cambozola exploration well

Published by , Editorial Assistant
Oilfield Technology,

Longboat Energy, is pleased to announce the commencement of drilling operations on the Cambozola exploration well. Cambozola is the primary prospect located in the PL1049/PL1049B/PL1049C licences in the Northern North Sea, in an area with significant existing infrastructure and just 30 km northwest of Longboat’s Kveikje discovery, announced on 5 April 2022.

Cambozola is a play opener and one of the largest gas prospects to be drilled in Norway in 2022. In particular, the turbidite sand lobes of Lower Cretaceous age stand out as amplitude anomalies on seismic data. Gross unrisked mean prospective resources for the entire Cambozola prospect have been estimated at 159 million boe. In the event of a successful discovery on Cambozola, there will be follow-up prospectivity on the licences.

The drilling of the Cambozola well 34/9-1S, operated by Equinor, is being undertaken by the Deepsea Stavanger semi-submersible drilling rig and is expected to take up to 14 weeks to drill.

Helge Hammer, Chief Executive of Longboat, commented: “Following on from our success on Kveikje announced last week, I am pleased that we have now commenced drilling operations on the sixth exploration well in our drilling programme. Longboat Energy’s remaining 2022 exploration programme offers shareholders a unique opportunity to gain gas weighted drilling exposure targeting net mean prospective resource potential of 66mmboe with an additional 246 mmboe of upside.”

Read the latest issue of Oilfield Technology in full for free: Spring 2022

Oilfield Technology’s first issue of 2022 begins with analysis from Wood Mackenzie on the disconnect between surging oil prices and US oil production growth and investment. The rest of the issue is dedicated to features covering sand removal technology, dissolvable frac plug technology, digitalisation of offshore operations, annular intervention, oilfield chemicals, subsea compression systems and smart instrument measurement.

Exclusive contributions come from TETRA Technologies, NOV, Archer, Expro, Locus Bio-Energy Solutions, AES Drilling Fluids, MAN Energy Solutions and Winters Instruments.

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