Statoil leap on Hoop probes

Through the Hoop: Statoil in Barents Sea

REUTERS

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By Steve Marshall and news reports

 25 May 2012 13:57 GMT

Statoil has accelerated its plans for drilling in a new frontier area of the Barents Sea, with wells on a pair of prospects set to be spudded next year.

The explorer has now identified two targets – named Apollo and Atlantis – in its operated Production Licence 615 in a virgin play dubbed Hoop that is located north-east of its Skrugard and Havis discoveries, senior vice president for exploration Norway, Gro Gunleiksrud Haatvedt, told a company seminar this week.

Earlier 3D seismic acquired over the area in the southern Barents, about 250 kilometres north of Soroya island, has revealed several prospective geological strata at Hoop.

As well as the two operated prospects, Statoil is also participating as a partner in the Wisting…

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