Aker BP is nearing completion of drilling the Øst Frigg Beta/Epsilon exploration well, situated in the Yggdrasil area of the Norwegian North Sea. The well has resulted in a significant oil discovery.
Preliminary estimates indicate a gross recoverable volume of 40 - 90 million boe surpassing the previously communicated pre-drill estimate of 18 - 45 million boe.
The discovery enhances the resource base for the Yggdrasil development, which was previously stated at 650 million boe (gross). The plan for development and perations (PDO) was submitted to Norwegian authorities in December 2022, with production scheduled to commence in 2027.
Per Øyvind Seljebotn, Senior Vice President Exploration & Reservoir Development at Aker BP, said:
“We are extremely pleased with the results of this well. The discovery will be evaluated as a potential addition to the Yggdrasil development. We see further upside potential around Yggdrasil and, in collaboration with our partners, will continue active exploration in the area.”
Read the article online at: https://www.oilfieldtechnology.com/exploration/26052023/exploration-well-nearing-completion-in-norwegian-north-sea/
