Geitungen 2012

August 2012:
Avaldsnes/Aldous/Geitingen fields all together now called “Johan Sverdrup”

geitungen1

Statoil has made an oil discovery in the Geitungen prospect on Utsira High in the North Sea together with partners Petoro, Det norske oljeselskap and Lundin.

Exploration well 16/2-12 drilled by the drilling rig Ocean Vanguard has proven a 35 metre oil column in a high quality reservoir dating from the Jurassic period. Statoil estimates the volumes in Geitungen to be between 140 and 270 million barrels of recoverable oil equivalents (o.e.).

Oil was also proven in the basement rocks. This is regarded as a possible upside in connection with the development of the area/discovery.

“A new oil discovery in the Johan Sverdrup area, in the mature part of the North Sea reinforces Statoil’s faith in the exploration potential of the Norwegian continental shelf, and demonstrates that we deliver on our strategy of revitalising the NCS with high value barrels,” says Gro Haatvedt, senior vice president exploration Norway in Statoil.

Geitungen was drilled approximately three kilometres north of the Johan Sverdrup discovery and was defined as a separate prospect in the licence PL 265. Well data indicate that there probably is communication between the two discoveries.

“The Geitungen discovery will be included in the on-going development work for the Johan Sverdrup field. The discovery should therefore be seen in relation with the on-going appraisal program in Johan Sverdrup to narrow down the volume range and uncertainty”, says Øivind Reinersten, Statoil VP for Johan Sverdrup field development.