Posted on 09/17/2007 1:57:42 AM PDT by Kurt_Hectic
Both Norwegian oil company Statoil and Norsk Hydro have struck more oil in territorial waters of the North Sea. It's not clear how much oil is involved.
Norway's oil directorate reported Monday that Statoil found the oil in a well that lies 35 kilometers east of the Gudrun field.
Statoil has a 30 percent stake in the area, along with the national agency Petoro that represents the state's direct oil investment and Det Norske Oljeselskap. Talisman Energy Norge AS has the remaining 10 percent, and Statoil is the operator.
The sea is 113 meters deep at the site of the oil discovery. The well was drilled to a vertical depth of 1.85 meters under the sea bed and ended at a bedrock.
The directorate said both Statoil and Norsk Hydro separately found new hydrocarbon deposits in the North Sea. Statoil is due to take over Hydro's oil and gas operations next month.
Related stories: Massive Statoil-Hydro job changes due Monday - 14.09.2007 Employees don't support new chairman of StatoilHydro - 23.08.2007 Hydro reports best profits ever - 24.07.2007 Statoil strikes new gas field - 05.07.2007
Personally, I find the peak oil theory interesting, and it has to be considered, but I think that the doomsday scenario many speaks of is way off. The North Sea may well have enough oil to supply us for a century to come.
From www.statoil.com:
New oil find in Sleipner area
A new oil discovery has been made by Statoil in the Ragnarrock prospect near the Sleipner area in the North Sea.
“It is encouraging that Statoil has made an oil discovery in a little-explored exploration model that is close to our North Sea infrastructure,” says Frode Fasteland, acting exploration manager for the North Sea.
The find was made in exploration well 16/2-3 in production licence 265, which lies 35 kilometres east of the Statoil-operated Gudrun discovery.
“The oil was proven in Cretaceous rocks with complex reservoir conditions,” says Mr Fasteland.
“Together with our partners in the licence we have therefore decided to drill the appraisal well 16/2-4 in the structure when the first well is completed.”
Statoil has carried out an extensive compilation of data and taken samples which will be analysed.
The well was drilled to a total depth of 1,856 metres below sea level. The water depth in the area is 113 metres. The exploration well is now being permanently plugged and abandoned by the West Epsilon jack-up rig.
This is the fifth exploration well drilled by West Epsilon for Statoil this year and hydrocarbons have been proven in all of the wells.
The licensees are Statoil, operator, with 30%, Petoro (30%), Den norske Oljeselskap ASA ( 30%) and Talisman (10%).
Published 17.09.2007 09:30:00
Copyright © Statoil.
shouldn’t that read Bush...
shouldn’t that read Bush...Only if you wanted to step on the punchline.
Nice dish!
Hah. so that’s why the muslims have been pulling that “conquest by migration” schtick in the nord area. They seem to be drawn to oil at some psychic level.
Why the hell else would they have set up camp in that nasty desert of the mid east for so long?
Nice one! If there is more oil: Global warming. If there is no oil: Peak oil doomsday scenario.
How do they DO that?
Right. But it wouldn’t matter if we powered the whole planet on perfectly clean energy. The fact that humans continue to exist is enough of a disaster to these hateful freaks.
Actually, even with new finds, total North Sea output is in decline. Even under a peak oil scenario, with total oil production falling, new supplies must be found to replace fields that are depleted. The question is not whether we discover new oil. We must. The question is whether the capacity of newly found reserves is replacing the capacity of depleted reserves.
How can you make this claim in light of the fact the article clearly states the size of the find is not yet known?
And that's only the beginning. In the former Soviet Union, the lack of access to modern Western oil production technology has limited access to the oilfields in Siberia; but now that companies like Lukoil have development agreements with Western oil companies, a lot of oil will soon become available that could drastically increase the world's oil supply.
Peak oil indeed. 
I wonder if all the newly available (through technology) sources of crude are a major reason behind the hysterical rantings of the global warming freakazoids?
It is still a good idea to replace the idiotic NG power plants in Cali with coal or nukes. Then my home heating bill could stabilize.
Fiskeboller? Yum. Norske food is pretty bland.
I went to Norway in 1983 with my mother, who was born in Oslo, and my cousins were complaining bitterly about the pakis (pakistani’s) who were moving in. Said they were dirty, drug dealers, etc. Must be lots worse now.
It is. Although now the pakistanis isn’t the worst in Oslo, (although they are responsible for most of the gang-related crime)- it’s the Somalis. They refuse to work, although they are tall and strong. Instead the men prefer to be overrepresented on the rape-statistics, when they are not performing killing sprees with knives in the streets or on busses. Afterwards they claim the norwegian state didn’t do enough to treat them for their war traumas.
As a tourist the most noteworthy sites in Oslo these days are the heroinist junkees and the nigerian prostitutes that grabs and harass by-passers - right in oslo’s parade street Karl Johan.
Oslo is a filthy city. I’m glad I live in Bergen.
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