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    OMV well finds gas-condensate off Norway

Summary

Partner Longboat says it is one of the largest gas prospects being tested off Norway this year.

by: NGW

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OMV well finds gas-condensate off Norway

A well drilled by Austria's OMV in the Norwegian North Sea has confirmed the presence of gas-condensate, project partner Longboat Energy reported on September 23.

The well at licence PL1100 was drilled to a depth of 5,003 m, targeting the Tarbert and Ness formations. Extensive coring and logging data has been acquired, and preliminary analysis indicates excellent correlation with the nearby Tune field and the presence of gas-condensate in the Tarbert formation. Longboat said preliminary gas in-place volumes in the Tarbert formation were higher than the overall pre-drill expectations, but said it was so far unclear whether there were hydrocarbons in the deeper Ness formation.

Based on results so far, a decision has been taken to drill a sidetrack well and perform a drill stem test, Longboat said.

OMV operates licence PL1100 with a 40% interest, while Wintershall Dea has 20%, Source Energy 20% and Longboat 20%.

"We are very pleased to have encountered hydrocarbons in the Oswig exploration well, the first of two wells we farmed into from OMV," Longboat CEO Helge Hammer said in a statement. 

Oswig is one of the largest gas prospects being tested in Norway this year, according to Longboat, with some 93mn barrels of oil equivalent in gross unrisked mean resources, based on pre-drill estimates.