Oil discovery north of Grane

Wildcat well with an estimated size of between 2.8 and 5.2 million standard cubic metres of recoverable oil.

Statoil has along with the other licensees of the Grane Unit made a new discovery of oil near the Grane-field in the North Sea. The field is located approximately 150 kilometers west of Stavanger.

The well was drilled by the drilling rigg Songa Trym, proving an oil column of 20 meters in the Heimdal formation. The finding is thought to contain 18-33 million barrels of extractable oil.

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Wireline contract extended

Marathon Oil Norway has exercised the first option for mechanical wireline service with DeepWell. The four-year contract started in April 2009. Marathon Oil has now exercised the first of two possible one-year contract options, which extends the wireline contract until the 30th of April 2014.

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