Norway’s Equinor and its partners have discovered gas and condensate in the 30/2-5 S Atlantis exploration well in the North Sea, the company said in a news release July 8.
Drilled by the West Hercules drilling rig about 17 km south of the Kvitebjørn Field, the well aimed to prove hydrocarbons in the Middle Jurassic reservoir of the Brent Group. It hit about a 160-m gas column, of which 60 m was effective Middle Jurassic reservoir rock, according to Equinor.
Though the well was not formation tested, Equinor said extensive amounts of data and samples were taken. The company put proven reserves at between 3 and 10 million standard cubic meters of recoverable oil equivalent based on preliminary estimates.
“It is encouraging to see that we are able to keep proving more resources in one of the most mature areas on the Norwegian continental shelf,” Nick Ashton, Equinor’s senior vice president for exploration in Norway and the U.K., said in the release. “Now we will work on evaluating the potential for profitable and CO2 efficient recovery.”
The company said poor to satisfactory reservoir quality was encountered in the Ness, Etive and Tarbert formation, while the Rannoch formation had poor reservoir quality.
The well, drilled to a depth of 4,359 m below sea level, was the first exploration well drilled in production license 878 offshore Norway. Partners are Equinor Energy AS (60%), Source Energy (20%) and Wellesley Petroleum AS (20%).
Water depth in the area is 142 m. Equinor said the rig will move on to drill the Swisher prospect in production license 248C.
Recommended Reading
Aethon Dishes on Western Haynesville Costs as Gas Output Roars On
2025-01-22 - Aethon Energy’s western Haynesville gas wells produced nearly 34 Bcf in the first 11 months of 2024, according to the latest Texas Railroad Commission data.
Matador Touts Cotton Valley ‘Gas Bank’ Reserves as Prices Increase
2025-02-21 - Matador Resources focuses most of its efforts on the Permian’s Delaware Basin today. But the company still has vast untapped natural gas resources in Louisiana’s prolific Cotton Valley play, where it could look to drill as commodity prices increase.
Antero Stock Up 90% YoY as NatGas, NGL Markets Improve
2025-02-14 - As the outlook for U.S. natural gas improves, investors are hot on gas-weighted stocks—in particular, Appalachia’s Antero Resources.
Streaming On-Demand: Expand Shifts to Just-in-Time NatGas TILs
2025-03-07 - Expand Energy’s just-in-time TIL model—turning new wells inline into sales—could shorten receipt of returns by up to two years.
BP’s Eagle Ford Refracs Delivering EUR Uplift, ‘Triple-Digit’ Returns
2025-02-14 - BP’s shale segment, BPX Energy, is seeing EUR uplifts from Eagle Ford refracs “we didn’t really predict in shale,” CEO Murray Auchincloss told investors in fourth-quarter earnings.