Statoil ASA , together with partners Petoro AS, Det norske oljeselskap ASA and Lundin Norway AS, has confirmed significant additional volumes in its appraisal well in the Aldous Major South discovery (PL265) in the North Sea. The results of appraisal well 16/2-10 have increased production license PL265 estimates to between 900 million and 1.5 billion [...]
Wood Mackenzie’s analysis of the giant Aldous/Avaldsnes discovery appraisal programme reveals the potential value of the field could now be as much as US$13 billion. Geoff Gillies, Wood Mackenzie’s North West Europe Lead Analyst puts the revised size of the discovery in context; “At the upper end of current expectations and based on currently commercial [...]
Communication between the Aldous and Avaldsnes oil discoveries in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent. If the upper part of the interval strikes pay dirt, the discovery will be one of the ten [...]