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Vår Energi makes 'significant' oil and gas discovery in North Sea

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Oilfield Technology,

Vår Energi has confirmed the discovery of oil and gas in the King and Prince exploration wells in the Balder area in the Southern North Sea.

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.

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