The combined King and Prince exploration wells proved successful, with the latest preliminary estimates showing volumes between 60-135 million barrels of recoverable oil equivalents.
The licensees (Vår Energi AS 90% and Mime Petroleum AS 10%) consider the discoveries to be commercial and will assess tie-in to the existing infrastructure in the Balder area.
The exploration wells are located approximately 6 km north of the Balder field and three kilometers west of the Ringhorne platform.
King/Prince was drilled in PL 027 by Scarabeo 8. The Prince well encountered an oil column of about 35 m in the Triassic Skagerrak formation within good to moderate reservoir sandstones (2374 m below sea level).
The King well discovered a gas column of about 30 m and a light oil column of about 55 m with some thick Paleogene injectite sandstone with excellent reservoir properties (2353 m below sea level).
An additional King appraisal sidetrack further confirmed a 40 m gas column and an oil column of about 55 meters of which about 35 m of massive oil-bearing injectite sandstone with excellent reservoir quality.
Read the latest issue of Oilfield Technology in full for free: Issue 1 2021
Oilfield Technology’s first issue of 2021 begins with a look at US tight oil’s prospects this year. The issue then moves on to cover completions technology, production forecasting, electric fracturing, sand recovery and more.
Exclusive contributions come from Rystad Energy, Archer, Weatherford, Halliburton, CGG, NOV, TETRA Technologies, Clariant and more.
Read the article online at: https://www.oilfieldtechnology.com/exploration/21062021/vr-energi-makes-significant-oil-and-gas-discovery-in-north-sea/