OMV hits Barents Sea pay
Norway Transocean Spitsbergen
Spudded in January 2016 in the Wisting field, the well flowed at a rate of 5,000 boepd. Norway’s northernmost oil find is expected to amount to between 200 million and 500 million boe. Wisting Central 2 is the fifth well in the production licence and targeted the Central South and Central West reservoir segments.
“OMV is very satisfied with the well test results, which are promising. This well is an important milestone towards a future field development on Wisting,” Johann Pleininger, the company’s executive board member responsible for upstream operations, said in a press release.
Awarded in 2009, the production licence is operated by OMV on a 25% stake. It partners are Petoro, Idemitsu and Tullow, each holding a 20% share, as well as Statoil with 15%.
Recent Posts
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More