Statoil Finds Dry Well North of Fram Field

Statoil-operated found a dry well north of the Fram field in the North Sea. The Norway-based company is concluding the drilling of wildcat well 35/11-16 S.

The well is the first exploration well in production licence 248 C, which was carved out of production licence 248 in 2013. It was awarded in the 1999 North Sea Awards.

‘The well encountered approx. 9-metres net intra-Draupne formation sandstones with relatively good reservoir properties. Only traces of petroleum were encountered. The well is classified as dry. Data acquisition and sampling have been carried out,’ reads a note released on Monday.

The well was drilled about 5.5 kilometres north of the Fram field in the northern North Sea, and about 130 kilometres northwest of Bergen.

According to the company, the well was drilled to a vertical depth of 3211 metres below sea level and was terminated in the Heather formation in the Upper Jurassic. Water depth is 367 metres. The well will now be permanently plugged and abandoned.

In the while, Norway’s government warned of the necessity to slow down investments in the sector to avoid overheating the industry.