Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

AIM - Assets In Market

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Iran negotiations - is the end nigh?

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Yemen: The Islamic Chessboard?

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Acquisition Criteria

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Valuation Series

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Showing posts with label Barents. Show all posts
Showing posts with label Barents. Show all posts

Monday, 17 June 2019

Dry well in the Barents near Korpfjell


The 7335/3-1 exploration well on Production Licence 859 has drilled a dry well.

The partners on the licence are: Equinor 65% operator, Lundin 15%, DNO 20%.

The licence lies in the Barents Sea and the 7335/3-1 well is located c.8km southeast of the Korpfjell gas discovery.

Both the primary and secondary exploration targets encountered sandy and poor reservoirs. The well was drilled by the West Hercules drilling rig to 4,268m below the sea surface and water depth was 239m The well has not been permanently plugged and abandoned.

The West Hercules rig will now move to drill a wildcat well 7324/6-1 in PL855 in the Barents Sea.