Statoil - 2

Statoil also discovered gas at wildcat well 6507/3-12 and appraisal well 6507/3‑12 A about four miles east of the Alve field in the northern Norwegian Sea, the NPD said. Well 6507/3-12 encountered a total gas column of 22 ft in Late Cretaceous sandstone with good reservoir properties. Drilling on well 6507/3-12 A was halted because of technical issues. Preliminary estimates place the size of the discovery between 36 Bscf and 180 Bscf of recoverable gas. Statoil, the operator with an 85% interest in the wells, and DONG Energy, which holds the remaining interest, will assess the discovery and other nearby discoveries and prospects regarding possible development.