This oil is like champagne, Statoil’s Helge Lund says about the newly discovered Skrugard field in the Barents Sea.
Talking at the Energy Conference in Bergen today, Helge Lund underlined that the oil which his company has found in the Skrugard field in the Barents Sea is of the very best quality.
-The Skrugard oil is almost like champagne, he said in his presentation, newspaper Dagens Næringsliv reports. –It is light and nice, and makes us very optimistic, he added.
Read also: Finally large Barents oil discovery
The Statoil leader does not exclude that his company now has found a key approach to understanding the geology of the Barents Sea. Over the last years, a number of wells have been drilled in the area, but only a couple of fields of significance found. Statoil already operates the Snøhvit gas field, and ENI is preparing for production at its Goliat oil field.
In his conference presentation today, Helge Lund showed a map depicting the Snøhvit, the Goliat and the Skrugard fields. –This could actually be a new industrial horizon with three building blocks, he maintained.
The Norwegian Ministry of Petroleum and Energy now intends to offer a number of new licenses to blocks in the area of the Skrugard field. The finding of Skrugard has a significance which can not be exaggerated, State Secretary Per Rune Henriksen said at the conference, DN.no reports. In the course of spring this year, new licenses will be issued as part of the 21th Norwegian license round.
Norway now also intend to start geological mapping of the newly delineated waters further east in the Barents Sea. As previously reported by BarentsObserver, Norwegian authorities have on several occasions confirmed that seismic studies of the waters will start as soon as the delimitation deal has been ratified by both Norway and Russia. Russia completed the ratification process last week.
Read also: It’s a deal!