Promising new gas find in the Norwegian Sea

Energy Trade

Operator Statoil has completed drilling an exploration well at the Yttergryta prospect on the Norwegian Sea's Halten Terrace, and was proven to hold gas in sandstones of Jurassic age. 

The preliminary estimates of the find are 1 to 3 billion standard cubic meters of recoverable gas. The well drilled to a total vertical depth of 2749 meters below the sea surface, and was drilled as a combined exploration and production well. It has been temporarily plugged. Well completion is planned in 2008. The plan is to connect the find with the infrastructure on the Åsgård field.
Statoil is operator for production license 062 with a 31.1% interest. Other licensees are Total with 24.5%, Hydro (14.7%) and Eni (9.8%). (norwaypost.no)

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.