Huge underwater gas find off Norway

oil-dockHydroStatoil has made a major gas discovery off the coast of Norway that is getting those in the industry excited. The find was made in the Asterix prospect, 345km west of Sandnessjoen in the Norwegian Sea. Initial estimates suggest the proven recoverable volume of natural gas is around 16 billion cubic metres (100 million barrels oil equivalent).

“This represents one of the bigger discoveries off Norway in recent years, and we’re very pleased with the result,” Tove Stuhr Sjoeblom, StatoilHydro’s head of Norwegian exploration, told the Norwegian Post. The find is located 80km west of the Luva gas pocket.

“The well has proved a new play, and found gas in rocks with good reservoir properties,” Frode Fasteland, StatoilHydro’s exploration manager for the Norwegian Sea, commented.

“This opens exciting opportunities for further exploration in the area. Asterix will be considered for development together with Luva and the other nearby discoveries of Haklang and Snefrid South. That could help to lay the basis for a deepwater gas infrastructure in the Norwegian Sea,” he added.

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