Exploration well on the Busta
prospect on PL782S has been drilled in 127m of water in the Jotun-Balder area of the Norwegian North Sea. It appears to be a marginal discovery with preliminary resource estimates of 6-60mmboe (vs. pre-drill 50-200mmboe).
Two separate gas/condensate and oil-bearing intervals totaling ~25m were encountered -the primary target hitting the reservoir with the secondary target water bearing.
Busta is operated by ConocoPhillips (40%) with AkerBP, Dea and Equinor each with 20%.
The Leiv Eiriksson rig which drilled the well is now scheduled to relocate to the
neighbouring block, PL917, to drill the Enniberg/ Hasselbaink
prospect.
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