Barents Sea oil and gas discovery

Source: press release, 13 October 2021

Sixth-generation semi-submersible rig ‘Scarabeo 8’
Sixth-generation semi-submersible rig ‘Scarabeo 8’ (photo: Saipem)

Vår Energi has confirmed the discovery of oil and gas in the Rødhette exploration well in the Goliat area in the Southern Barents Sea.

The exploration well proved successful with the latest preliminary estimates showing volumes between 9-12 million barrels of recoverable oil equivalents.

The discovery is significant for the area says Torger Rød, Vår Energi CEO, “With the Rødhette result, Vår Energi celebrates a sixth exploration discovery this year, as the exploration team continue a successful 2021 campaign. The licensees will now assess the discovery, as well as maturing other targets in the license and the surrounding area in order to add resources for a future tie-back to Goliat.”

Goliat area
The exploration well is located approximately 30 kilometres north of the Goliat field and 5 kilometres south of the Tornerose discovery.

Rødhette was drilled in PL 901 by Scarabeo 8. The well encountered an oil and gas column of about 28 metres in the Realgrunnen subgroup within good to moderate reservoir sandstones (1,882 metres below sea level).

Preliminary estimates of the size of the discovery are between 22-31 million mboe of hydrocarbon in place. Following extensive data acquisition and sampling, the well is now permanently plugged and abandoned.

Vår Energi AS (operator) holds a 50% stake of the license, with Longboat Energy (20%), Concedo (20%) and Equinor (10%) making up the rest of the JV.