Statoil makes new gas discovery at Gymir

Norway

STAVANGER, June 9, 2015 – Norwegian multinational Statoil announced today that it has made a gas discovery at the Gymir prospect in the Norwegian Sea. The discovery was made by semi-submersible vessel Transocean Spitsbergen nearly 20 kilometres west of Statoil’s Aasta Hansteen field. Drilling operations revealed a gas column of 70 metres in the Nise formation with 40 metres of sandstone that has “very good reservoir quality”, according to the Norwegian Petroleum Directorate, a state-run governing body.

Gas was discovered in production licence 602 after the second exploration well was drilled. Recoverable resource estimates stand between 1-3 bcm of gas.

The find is the third made by Statoil in three months in the Aasta Hansteen area, with gas encountered at the Snefrid North and Roald Rygg fields.

“Additional reserves from the three discoveries tied in to Aasta Hansteen will be important for increasing the value of the Aasta Hansteen investment,” said Statoil vice-president Torolf Christensen for the Aasta Hansteen project in a company statement.

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