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2011 sanctioned well: Norvarg

Facts: Where: Barents Sea blocks 7225/3 & 7226/1 Operator: Total E&P Norge AS (40%) Partners: Rocksource (20%), Det norske (20%), North Energy (20%)

Key attractions:

  • Multiple target levels

  • On trend with recent discoveries

  • Prospect associated with both seismic and EM DHI’s

  • On success case a stand alone development is viable

Status:

  • “Norvarg” prospect sanctioned for drilling in Q2 2011

  • To be drilled by “West Phoenix”

Key prospect: “Norvarg”

  • Structural trap with multiple target levels

  • Approx. 270 mmboe mean recoverable

  • +50% CoS

  • Key risk: seal and reservoir quality

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