Statoil this morning confirmed it latest oil discovery in the Kayak well in the Johan Castberg licence.
The find totals between 25 and 50 million barrels of recoverable oil equivalents.
The Norwegian operator said the discovery bolsters the volumes for the Johan Castberg development and opens a potential new play in the Barents Sea.
“We are very pleased to have made a good discovery in our first completed well in the Barents Sea this year. We are particularly pleased to have proven resources in a type of play that has not been explored before. This opens interesting opportunities,” said Jez Averty, senior vice president for exploration, Norway and the UK.
“Efforts will be made to find a commercial solution for the Kayak discovery towards the Johan Castberg licence, and to bring out other similar prospects in the Barents Sea.
“There may be additional resources in this structure, and we will now analyse the acquired data and consider possible appraisal of the discovery.”
After drilling the discovery, the Songa Enabler rig will now return to and complete the Blåmann well. It will start work on the Gemini North well for Statoil.
READ: Statoil kicks-off UK North Sea exploration campaign.
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