The breakthrough gas and condensate find at the challenging high-pressure and high-temperature (HPHT) prospect, which was the site of an earlier blowout, is estimated to hold between 70 million and 200 million barrels of oil equivalent, compared with a pre-drill prognosis of 100 million boe.
Statoil’s senior vice president for Norway exploration, Gro Gunleiksrud Haatvedt, believes there are other promising exploration prospects in the vicinity that could provide the necessary resource base for a potential gas hub development.
“This
