Oil strike at Snilehorn

November 11, 2013

Statoil has made an oil discovery on the Snilehorn prospect in Norwegian Sea. 

Oil was found in discovery well 6407/8-6 and sidetrack 6407/8-6A. 

Image: The West Navigator drillship, which has started drilling on the Novus prospect. 

Partner Faroe Petroleum said 6407/8-6 encountered oil columns totaling about 191m in the Ile, Tilje and Grey-Beds formations 

The sidetrack 6407/8-6A found oil columns totaling about 124m in the Melke, Ile and Tilje formations. Statoil said the oil was light oil of high quality.  

Initial estimates for barrels of recoverable oil equivalent are 55-100MM boe, gross. Snilehorn is 4km from the producing Hyme oil field, into which it could tie back and from which oil is already transported on to the Njord field production facilities, about 18km away.

Drilling was carried out by the Songa Trym semisubmersible rig. 

Snilehorn is in production license 348, operated by Statoil, with 30% interest. The other partners are GDF Suez E&P Norge AS (20%), E.ON E&P Norge AS (17.5%), Core Energy AS (17.5%), Faroe Petroleum Norge AS (7.5%) and VNG Norge AS (2.5%).

Faroe has also started drilling on the Novus well 6507/10-2S, in production license 645 offshore Norway, in which it has 30% interest and is operator.  

The main targets for the Novus well are the Jurassic reservoirs of the Garn, Ile, and Tilje formations in the Novus West and Novus East fault blocks. 

Drilling will be carried out by the West Navigator drillship in just under 300m water depth. 

Partners in the license are Centrica Resources Norge AS, Skagen 44 AS, Spike Exploration Holdings AS and Concedo AS.  



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