The Transocean Arctic drilling facility will move on to explore the Blink segment adjacent to both the Boomerang and Pil discoveries.

VNG strikes oil in Boomerang

Norway

OSLO, September 17, 2015 – VNG Norge, a German exploration and production company, announced this Thursday it discovered oil in Boomerang at exploration well 6406/12-4S in the Boomerang prospect, off the Norwegian coast. The exploration well was drilled to prove hydrocarbons potential in the southwest segment of the Upper Jurassic sandstones adjacent to the Pil and Bue reservoirs, which were discovered in 2014.

Exploration of the main bore revealed 26-metre gross Upper Jurassic Rogn sandstone with moveable oil and good reservoir properties. The recoverable volume of the discovery is estimated to range between 13 and 31 million barrels of oil equivalent.

The Boomerang 6406/12-4S well will now be plugged and abandoned. The Transocean Arctic drilling facility will move on to explore the Blink segment adjacent to both the Boomerang and Pil discoveries.

“The new information will help reduce the uncertainty span in the resource estimates for the Pil-discovery. We have collected much information that indicates and confirms that there is potential, but the area is complex and requires more wells and persistence to fully understand this potential. One of our goals with this drilling campaign has been to test as many Boomerang segments as possible in order to avoid overlooking potential economical resources,” Atle Sonesen, VGN managing director said in a press release.

VNG holds a 30-percent operated stake in the Boomerang prospect, alongside partners Spike Exploration (30 percent), Faroe (25 percent) and Pure E&P Norway (15 percent).

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