Neptune Energy has announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea.
ESTIMATES
The company added that preliminary estimates were between one and 3.5 million standard cubic metres (MSm3) of recoverable oil equivalents, corresponding to six to 22 million barrels of oil equivalent (boe).
Calypso is Neptune’s third discovery in six months on the Norwegian Continental Shelf.
CALYPSO
The Calypso discovery lies within one of Neptune’s core areas, 14km northwest of the Draugen field and 22 km northeast of the Njord A platform.
Neptune said that well 6407/8-8S was drilled to a vertical depth of 3,496m and encountered an estimated 8m thick gas column and 30m thick oil column in a 131m thick Garn Formation sandstone reservoir, of “good to very good quality”.
POTENTIAL
Neptune managing director in Norway and the UK, Odin Estensen, added that initial analysis of Calypso indicated commercial potential.
“Together with our partners in the Calypso licence we will now study options to effectively develop the discovery using nearby infrastructure.”
JOINT VENTURE
Project partners include Neptune Energy (operator, 30%), OKEA ASA (30%), Pandion Energy AS (20%) and Vår Energi ASA (20%).
Calypso was drilled by the Deepsea Yantai, a semi-submersible rig owned by CIMC and operated by Odfjell Drilling.