Statoil starts exploration drilling offshore Greenland

Jul 13, 2000 02:00 AM

Norway's Statoil said it had started exploration drilling in the Fylla license 3/97, which lies 150 km west of Greenland's capital Nuuk. It will be the first time exploration drilling is undertaken off Greenland since 1976, said Statoil.
The Smedvig operated drill ship West Navion will undertake the drilling of the Qulleq-1 well at a depth of 1,156 metres below sea level, its first action in deep water. The West Navion has been contracted for 50-60 days.
Statoil said seismic tests have revealed "interesting geological structures" in the field "which can contain oil and gas." It also added that the possibility of finding oil was much higher than the 10-15 % chance experienced on the Norwegian Continental shelf.

Oil commentators believe the geological structures Statoil has discovered off Greenland could contain more oil and gas than the Troll field, Norway's largest ever find. Statoil was issued the Fylla license in December 1995.
The partners in the license are Statoil and Phillips Petroleum, each with 38.25 %, Danish Oil and Natural Gas with 8.5 % and Nunaoil with 15 %. Statoil said it was also participating in a license further north, where Phillips Petroleum is operator.
Statoil said it will have to wait for the results of seismic testing there before deciding on exploration drilling activity.

Source: Bridge News via Newspage
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