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Conoco Touts New North Sea Discovery; 75-200 MMBOE Potential
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ConocoPhillips announced a new oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea.
Preliminary estimates place the size of the discovery between 75 million and 200 million barrels of recoverable oil equivalent. Extensive data acquisition and sampling has been carried out in the discovery well 6507/5-10, and future appraisal will be conducted to determine potential flow rates, the reservoir's ultimate resource recovery and potential development plan.
The discovery well was drilled in 1,165 feet of water to a total depth of 7,149 feet by the Leiv Eiriksson drilling rig.
ConocoPhillips Skandinavia AS is operator of the license with 80% working interest. Pandion Energy AS is license partner with 20% working interest.
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