Statoil hits in the Barents

Statoil ASA and partners Eni Norge AS and Petoro AS made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea. Well 7220/7-2 S, drilled by the semisubmersible rig West Hercules, proved a 22m gas column and a 23m oil column in the Jurassic Tubåen formation, and a 133m oil column in the Triassic Fruholmen formation - a new play model in the area. Statoil estimates the volumes in Skavl to be in the range of 20-50 million barrels of recoverable oil.

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