OMV Makes Two Discoveries Off Norway

OMV (Norge) has made gas/condensate discoveries in both the Hades and Iris prospects in licence PL 644 B, located in the Norwegian Sea.

In the Hades prospect the well encountered c. 35 meters gross gas/condensate column within the Cretaceous Lange Formation of which 15 meters are net reservoir sandstones of moderate to good reservoir quality. Preliminary gross volumes of recoverable hydrocarbons for the Hades prospect are estimated to be 19 – 113 mmboe, exceeding pre-drill estimates.

In the Iris prospect the well encountered a 218 meter, high net-to-gross sandstone interval, within the Jurassic Garn Formation, containing a 93 meter column of gas/condensate. Preliminary gross volumes of recoverable hydrocarbons for the Iris prospect are estimated to be 19 – 132 mmboe, Faroe Petroleum, who holds 20% interest in the prospect, informed.

The Iris and Hades discoveries are located approximately 8 kilometers to the north of the producing Morvin field and 20 kilometers to the northwest of the Åsgard complex.

The well was drilled by the Deepsea Bergen semi-submersible drilling rig. The well will now be plugged and abandoned as planned.

Licences PL 644 and PL 644 B are both operated by OMV (Norge) (30%), Faroe Petroleum Norge (20%), with partners Statoil Petroleum (40%) and Spirit Energy Norge (10%).


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