Skrugard and Havis confirm Barents Sea potential
Statoil and its partners ENI from Italy and Petoro AS (Petoro), the Norway State-owned company, discovered in Skrugard and Havis reserves going far beyond their expectations.
– Statoil 50% and is the operator
– ENI 30%
– Petoro 20%
The well 7220/7-1 hit Havis reservoir by 365 meters water depth and 2200 meters in total.
By their size and location, the Skrugard and Havis discoveries open a new region of exploration for Statoil in Norwegian Continental Shelf (NCS) of the Barents Sea.
Being only 7 kilometers distant from each other Statoil and its partners had considered originally to develop Skrugard and Havis together using tie-in connections.
As Statoil and its parnters, ENI and Petoro, suspect Skrugard to contain still more than prospected so far, they will perform one additional appraisal well.
Statoil’s strategy to encircle Arctic
Through Norway, Russia, USA/Alaska, Canada/Newfoundland, and Greenland, Statoil is surrounding the oil and gas Arctic reserves.
The Arctic Circle is estimated to contain 25% of the remaining oil and gas resources to be yet found.
In the Norwegian Continental Shelf (NCS), Skrugard and Havis are the northernmost oil and gas discoveries.
In Russia, Statoil signed with Rosneft a Strategic Cooperation Agreement to explore and develop jointly the Norwegian and Russian Barents Sea.
This cooperation Agreement includes also joint technical studies related to Arctic operations.
In Alaska, USA, Statoil shares working interests with ConocoPhillips in Chuckchi Sea and with Chevron in Beaufort Sea and Grand Banks Sea.
In Newfoundland, Canada, Statoil performs exploration program since 2011 with appraisal well in Mizzen field discovery in Flemish Pass Basin, and in the Fiddlehead prospect in the Jeanne d’Arc Basin.
In Greenland, Statoil is in joint venture with Shell in the Anu and Napu Blocks in the Baffin Bay at northwest Greenland.
Statoil signed a farm-in agreement with Cairn to take operator role on the Pitu Block in case a discovery should occur by 2013.
As operator or in joint venture with Rosneft, Chevron, ConocoPhillips, Shell or Cairn, Statoil is accumulating a unique experience in the Arctic oil and gas exploration and production.
Statoil to gear up exploration in the Barents Sea
Statoil isn planning to use the Barents Sea as the spearhead of its Arctic conquest.
On the Norwegian side, the Barents Sea remains ice-free all the year round opening longer period of exploration and development of the prospects than any other Arctic zones.
89 of the 94 wells drilled in the Norwegian Barents Sea had involved Statoil.
With all the countries neighboring the Arctic unexplored oil and gas fields willing to race in, and with the Skrugard and Havis discoveries, Statoil has decided to gear up its exploration program in the Barents Sea.
In December, Statoil will drill in Nunatak, also in the Skrugard area, and in summer 2013, Statoil will perform exploratory wells in the Hoop frontier further north.
– Tripling its Arctic research budget from $14 million in 2012 to $43 million in 2013.
– Developing an Arctic drilling unit concept
– Research cruise in northeast Greenland
– Arctic Oil Spill Response Joint Industry Programme
The Arctic drilling unit concept should consolidate all the experience made in Arctic previous drilling operations and should be able to run in drifting ice.
This Arctic drilling unit should be able to drill faster and provide a better availability in reducing manpower operations.
Statoil intends also to develop an effective dynamic positioning system in ice environment.
While other companies have decided to step in and out of the northern part of the Norwegian Continental Shelf, Skrugard and Havis discoveries convinced Statoil to take these local opportunities in the Barents Sea to build a global Market Leadership in the Arctic oil and gas exploration and production.