Norwegian Sea discovery awaits development decision
Most people will associate Shrek with an American computer-animated film, but it is also the name of a recent Norwegian Sea discovery.
In October 2019, PGNiG announced the Shrek discovery in licence PL 838 in the Norwegian Sea. The first operated wells drilled by the company in Norwegian waters, PGNiG, is now looking at further de-risking the volumes as well as drafting a development plan.
As it is only 5 km away from the currently producing Skarv field, in which PGNiG has a 12% interest, this should be a relatively straightforward tie-back.
PGNiG Upstream Norway AS is the operator and holds a 40 % ownership in the PL 838 licence. Licensees are Aker BP (30 %) and Lime Petroleum (30 %).
As PGNiG explained in a recent interview with expronews.com, the field is situated in a tectonically complex area just west of the Nordland Ridge. This brings uncertainties in seismic interpretation and depth conversion, which led to a wide range in estimated recoverable resources of between 20 and 40 million barrels of oil equivalent (boe). However, the company stated that around 28 million boe should be recoverable.
Both the discovery well (6507/5-9 S) and the appraisal well (6507/5-9 A) encountered an oil and gas column in Jurassic Fangst and Båt group sandstones of which reservoir quality was good to very good.
At the upcoming NCS Exploration conference, taking place 14-15 October in Stavanger, Torleif Reiersen from PGNiG will shed more light on the discovery and share the latest development plans.