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20.10.2011

Statoil Reports Discovery in Aldous Appraisal Well

Statoil ASA is, together with partners Petoro AS, Det norske oljeselskap ASA and Lundin Norway AS, about to complete drilling of appraisal well 16/2-10 in the Aldous Major South structure (PL 265) in the North Sea, the company reported in a news release.

Drilled by Transocan Leader drilling rig, appraisal well 16/2-10 has proven an oil column  in a range between 50 and 55 metres in Jurassic sandstone.

Statoil has earlier communicated preliminary volumes for the Aldous structure in PL 265 to be between 400 and 800 million barrels of recoverable oil equivalent.

Statoil will present updated volume estimates when the well data have been fully analysed.

Appraisal well 16/2-10 is located 4.2 kilometres north of discovery well 16-2/8 in the Aldous Major South structure on the Utsira Height in the North Sea.

Well 16/2-10 is the seventh exploration well in the licence. Aldous Major South is located in PL 265 where Statoil is operator (40 percent) and the partners are Petoro (30), Det norske oljeselskap (20) and Lundin (10).

Copyright 2011, Statoil. All rights reserved.

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