Statoil and PL713 partners have made a gas discovery in the Pingvin prospect in the Barents Sea.
The discovery is a play opener in a frontier unexplored area of the Barents Sea northwest of Johan Castberg.
“Pingvin is the first well drilled in PL713 – a large frontier area northwest of Johan Castberg awarded in the 22nd concession round. For a discovery in this area to be commercially viable it needs to be an oil accumulation of a significant size. A gas discovery does not have commercial value at present.
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